Win, win situation regardless in my mind. Gold and gold equities were the best performing sector during the Great Depression--it still does well in deflationary times.
By the time the great western economies see any real sign of growth {If at all} we will probably have another 5-10 trillion baked into the cake on top of the lazy 10 or so trillion now. All we need is for the VELOCITY of that extra money to get into gear and hello inflation. Most of it is parked up at reserve banks earning 0-0.25% interest. Not much is being lent to the real economy and most consumers are de-leveraging and saving. The classic liquidity trap
Either some starts to get lent out to the real economy and we see nominal growth {ie inflation} or we see it speculated into hard asset classes {much more so than now}.
My bet? STAGFLATION.
AMX Price at posting:
67.0¢ Sentiment: LT Buy Disclosure: Held
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