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To: portage who wrote (184088)7/28/2002 1:58:42 PM
From: Oblomov  Respond to of 436258
 
>>gold becomes a desired form of currency again when people begin to question or lose faith in fiat money, gold flies.

That certainly did not happen in the early-30s deflation. This loss of faith was more a phenomenon of the inflations of the 1890s and 1970s.