They made a profit and didn’t lose to the inflation like others. It seems to me gold did exactly what it was supposed too. What part of this is telling you that metals will shit the brick on deflation?
They never do. They drop and dip and gain and rise on exchanges. But at no point has gold bottomed out. Hypothetically even if a currency does. Gold still retains value as a sought after exchange.
If gold floods the markets perhaps it might cascade. But where is this globally, reserves, not accounted for? There are some new finds, but not enough to significantly impact the market prices.
They made a profit and didn’t lose to the inflation like others. It seems to me gold did exactly what it was supposed too. What part of this is telling you that metals will shit the brick on deflation?
They never do. They drop and dip and gain and rise on exchanges. But at no point has gold bottomed out. Hypothetically even if a currency does. Gold still retains value as a sought after exchange.
If gold floods the markets perhaps it might cascade. But where is this globally, reserves, not accounted for? There are some new finds, but not enough to significantly impact the market prices.
I think he invented the philosopher stone?