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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (59138)	8/4/2006 3:03:05 PM
From: orkrious	Read Replies (1) \| Respond to of 306849

I'm in the deflation is even better for gold (and especially gold miners) than inflation camp. Bob Hoye has written extensively about what has happened during credit busts/deflations over the last 500 years. Heinz has talked about it too. Gold is money that is no one else's liability. As credit spreads widen and people are concerned about defaults, gold will be sought. The miners do even better because their costs go down while their revenues go up. It takes a strong stomach to deal with the volatility, but I've handled it for five years. I think the party is just getting started.