I try to think of it this way Saturn V:
forget about nominal values and define gold as money
and see currency as a commodity
( Shedlock has a good definition of what we call money but is really currency:
http://globaleconomicanalysis.blogspot.com/2009/11/what-is-money-and-how-does-one-measure.html )
so I reckon there are opportunities trading currencies and other commodities to increase your wealth but countries or individuals who end up with the gold/money in a massive deflationary environment "win"
Those consumers are just going to have to do nothing much - just sit around watching their assets deflate (relative to money/gold) and probably getting quite upset about it all as the drama of the next few years unfolds
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- is there a bubble in gold...marc faber
I try to think of it this way Saturn V:forget about nominal...
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