Quote:
Originally Posted by pocketkangaroo
I'm surprised to see how many people are into gold in what looks to be a deflationary economy. The play seems to be a coin flip. There is a chance we have rapid inflation and you make a killing on gold, but also we just have some deflation and gold gets whacked. Deep recessions and depressions tend to be deflationary.
Maybe I'm wrong, but it just seems like a coin flip.
|
gold performace was even great in deflationary economics, check out 1929-1933 depression.
however, there is a great chance of total panic by goverments and central banks = money printing = gold up.