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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (94899)	3/11/2002 9:31:33 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

BGR, Nice to hear from you again. I just wanted to be the first to say that I will buy all the zero priced gold you have available. <g>

To: BGR who wrote (94899)	5/17/2002 6:16:06 PM
From: maceng2	Respond to of 132070

in a deflationary situation the price of gold will FALL wrt the dollar, just as in an inflationary scenario it will rise. In theory (because that is what we are talking about here)but Japan has the awful specter of deflation yet the price of gold is going up. This can happen with a fiat currency. businessweek.com My suggestion is if we had a non fiat currency, and we had true deflation, that would not be a problem because we would be able to buy more of whatevers needed. Whether there was deflation or not, correct investment would mean you could gain effective wealth. Of course taking on debt would not be a good idea. Non-fiat money would reduce many of the problems we have today. I'm not an economic expert, as you might of guessed, but I'm interested in this subject. I'm gaining a respect for economics as a subject that I never had -g-