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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (47009)	12/10/2005 6:59:12 PM
From: chainik	Respond to of 110194

The question is not what's more important - gold or oil (of course oil). The question is what's more "important" - gold or the small pieces of paper with the portraits of US presidents.

To: Wyätt Gwyön who wrote (47009)	12/10/2005 7:36:35 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Gold does poorly in disinflation. We were in disinflation for the last 18-20 years or whatever. Now we are headed into deflation where gold typically does well. Because oil is influenced by peak oil constraints I think it is silly to compare oil to about anything else and gold as a deflator for housing is indeed absurd. In fact, because of the cyclical nature of gold, it is probably absurd to use it as a deflator of about anything. Mish