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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%Nov 19 4:00 PM EST

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To: KyrosL who wrote (42057)10/31/2008 5:40:08 PM
From: maceng2  Read Replies (1) of 217882
 
If we have deflation why is there $$ trillions $$ being generated world wide in all currencies, and will all that extra money get into circulation?

In hyperinflation mode, fiat paper is quickly discarded in favour of a hard currency like gold.

The pro gold argument is simple. The world is becoming socialist, all problems are fixed by creating new money. The politics will arrive at this solution every time. Throw new money at problems, hire more government, and get people to spend more somehow, even though they are broke.

ST gold may go down, there are weak hands who do not understand. Gold will go back up, eventually it will moon rocket as things are trending at the moment.

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