SI
SI
discoversearch

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.
Politics : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim McMannis who wrote (5529)4/25/1999 2:27:00 AM
From: Hawkmoon  Read Replies (1) of 81815
 
Where was the deflation that wrought this?

Jim,

You must have misunderstood me. I would be stupid to deny that inflation creates strong value in gold. But I wasn't taking about inflation in that post. I was discussing DEFLATION and DEPRESSION. Falling prices and negative economic growth.

Gold went to $800 an ouce primarily due to foolish monetary policy in the early to mid seventies... taking the dollar off the gold standard... and finally, OPEC's shenanigans.

The POG was artificially high then, and some would contend now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News