gold has topped, page-36

Butcher

Deflations generally happen after credit expansions, The Great Depression was a deflation, so was England after WW1 from 1917-25, so was what is known as The Great Deflation after the American Civil War, if we went back on a gold standard there would be a massive deflation, thats the irony with gold bugs, if the gold was adopted as money it would just about destroy the economic system we have.

The reason is we have already been in credit inflation, folks are looking for hyperinflation just dont understand money and credit

The best sign of a gold bubble so far is Germans who establishing 500 gold vending machines throughout Germany, when gold is started to be sold via vending machines it is a sure sign of a top