Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (91329)	1/2/2009 10:40:24 AM
From: TimF	1 Recommendation Read Replies (1) of 116555

The deflationary depression is still deepening big time and people worldwide are squirrling gold away. No one knows what all this liquidity creating will do to any particular currency. No one can predict what will happen. Gold is safe. If we are facing a deflationary depression, then gold isn't so safe. With deflation, the price should go down. If I had the spare funds I might be interested in gold (esp. if it really does get dumped and the price goes down like that article suggests), but that's because I think we will not face a real depression, but I'm concerned about a recession (possibly a rather severe one), followed in a few years by inflation (perhaps stagflation) from all the dollars the fed and the treasury are dumping in to the economy to try to deal with the recession.

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