Quote:
Originally Posted by wig
Well, this is the main point I ask people to recognize, the "depressions" you refer to were deflations.
Gold is money. The idea is that if one has gold in an inflationary (especially hyper-inflationary) environment, they protect their purchasing power. Fine -- in an inflationary environment.
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True, but there was no currency crisis during the Great Depression. Everyone trusted the Dollar still. Also, have you noticed that gold and the /dx have decoupled? It's not uncommon to see both the /dx go up and gold go up the same day.