Deflation SCARE by fooling the idiots with statistics maybe. But real deflation as in money supply contraction? That's exactly the opposite of what's happening.
This latest sell-off was engineered. What news item would cause everyone to sell at once? The sell-off happened the moment they issued the employment bad news that signalled more possible rate cuts and gold went DOWN??? We'll hear later that some central bank dumped 50 tonnes exactly like the sell off in mid December.
I wonder what will happen when all the central bank gold is gone, sold to China, Russia and the Middle East and payment for oil is then demanded in gold instead of worthless paper? The current first world will instantly become the third world.
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