Gold In A Deflationary Economy, Part - XI
<< If you're in Asia, you're already "enjoying" a bull market in gold, although I must note that the word "enjoy" may not be very appropriate since many are struggling to survive the bursting of the speculative bubble. Nonetheless, for those have been holding gold their operational wealth has been all but preserved since gold skyrocketed in terms of Asian currency, reflecting more the collapse of their respective currencies than bullish fundamentals for gold. However, it's all relative, so to speak, and fundamentals for gold have, in fact, been bullish in Asia even while bearish in the western world. As a result, I feature the charts of gold in terms of Asian currency on this page, since it depends upon where one lives as to whether or not gold is bullish or bearish, and whether or not inflation or deflation is occurring. -- cont'd -- >>
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