Loading ...He doesn’t know GOLD IS ALSO A DEFLATION HEDGE, NOT ONLY AN INFLATION HEDGE
Gold does not need inflation to go up.
Deflation proves no CONFIDENCE in TPTB’s ability of managing the economy and the financial system. The master planners made bad decisions a long time ago, 1975? and the negative results started showing up soon after.
The 1970s Arab oil embargo, wage price controls, oil $2 to $42. Gold $35 to $800, interest rates 6% to 21%, market crash in 1987. 1981 to 2001, deflation in commodities. Gold $850 to $250, steel was practically free. etc etc etc and now zero interest rates.
One stupid problem after another, all covered over in various ways, like and free money no doc liar loans to dead beats, and rates down to zero, until the summer 2008 meltdown just to keep retail and real estate going higher.
Video Gartman: