Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: George Landin who wrote (4803)	12/26/1997 9:07:00 PM
From: PaulM	Read Replies (1) of 116753

No expert here, but there's alot to be said for a coming deflationary/credit contraction. During such times there isn't as much money around to consume, fewer loans are made and loan defaults are more common. Which means lower prices, because of forced sales. Prices tend collapse to what little people have without credit. Real assets, including real estate, do poorly. The govt response to that type of an economy is often to inflate. I don't know much about Canada's economy, but I know the $Can is pretty weak now, so maybe this is already happening in Canada. During inflation, all real assets do well. I'm buying gold and gold shares now because I beleive they have aleady suffered and should do well during either a serious deflation or inflation.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next