Quote:
Originally Posted by Mike_Jetson
A flood of gold that has been secretly held back will surely cause deflation.
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Yeah it's called Fort Knox
Tons of gold there...
Last time that the price of gold soared out of control... the government opened the vault at Fort Knox and sold gold. This caused the price of gold to drop sharply (read plummet) from over 700.00 to about 300.00
Everyone who bought gold lost their shirt... the money the gov made from the gold sale almost wiped out the deficit and we had 20 years of stability.
When did this happen? 1980ish
How soon we forget
Read it and weep all ye doomsayers who bought into the gold rush. Can you hear the hammer falling?
http://goldprice.org/30-year-gold-price-history.html
Be better to put your money into low priced stocks of good companies that can survive hard times... because they will recover
Oh and if you do I expect a commission
