Quote:
Originally Posted by The Demon
And yes wig, the great depression was a deflationary depression but it had a lot to do with the Gold Standard they switched to after WW1.
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I'm not arguing for or against that, I'm just pointing out that comparing the price action of gold during deflationary depressions as compared to say the stagflation of the 1970's in order to show that gold does not always fare well in bad times is missing the point.