Hi Mike_Jetson,
A flood of gold on the market would not create deflation but gold inflation lowering its' value drastically.
This would mean that gold would become less useful for financial purposes.
Then the 'richer folk' buy all this low value gold and hoard it again, and, by limiting access would make it once again something of value, of course benefiting from this change of value and by controlling how much gold would be placed on the market.
It's an old Rothschild trick.
Best regards,
Steve
Quote:
Originally Posted by Mike_Jetson
A flood of gold that has been secretly held back will surely cause deflation.
One example that popped into my mind was if a currency change from dollar to something else was to take place at the same time as massive gold deflation but a lot of folk had no choice but to cash in their gold for new currency then that wouldnt be nice
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