Relevant:
- U.S. mint suspends gold coin sales; Market rigged to support dollar?
- Rickards - Gold Will Still Surge Within Next Year Against Money Printing
- Oxford Economics Looks At The Role Of Gold Under Inflation And Deflation, Finds Average Gold Holdings Should Be At Least 5% Of AUM
- Gold`s role in a deflationary environment
- James Turk - Silver Backwardation Near All-Time Record (As Silver Hits $38/oz)
2008-08-16 — blogspot.com
What's happening with gold should be no real surprise. Although I have stated many times that gold is money and gold should do well in deflation, and we are in deflation (see The Future Is Frugality and Implications of the Slowing Global Eonomy for the deflation case), in the initial stages of deflation, leverage in everything is reduced by force.
A good piece, though those who are apt to believe Mish's allusions that there is no gold/silver/dollar price manipulation should take a look at U.S. mint suspends gold coin sales; futures price is a fiction.
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