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trent3727

6,439 Posts.

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03/05/20

12:24

Post #: 44404744
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Originally posted by Crom Valen: ↑

we just seen inflation drop from 2.5% to 1.5% so im thinking we get another drop to hopefully around 0.6% this would put extreme downward pressure on gold

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Your whole viewpoint is based on a false premise.

Although it may seem counter-intuitive, gold can be as effective a hedge against deflation as against inflation; in fact gold's purchasing power is more likely to increase in deflationary periods than during inflationary eras. ... The most recent deflationary period in the U.S. was 1929-1933 as the depression took hold.

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im pretty sure the central bank was raising rates during the great depression and ive always said higher rates are bullish for gold
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0 Great analysis

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