Inflation/deflation has nothing to do with the price of gold anyway.
Fundamentally it is about the money supply versus the supply of gold as well as general demand for the product.
Those saying buying gold as an inflation hedge are fools , as one can just as easily buy gold in a deflationary spiral to protect risk to the downside.
Usually, the inflation hedge is utilised in the media when the downside manipulators are cloaking their activity with a deflation argument.
Does anyone calculate inflation properly regarding the basket of disposable income anyway??
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