First Mining Gold Corp (FFMGF)

[Edge83]

My question in a deflationary crisis is this: What asset will be people be selling their gold to buy? Who is going to rush to sell their gold because the central banks are are failing to save the economies.

Traditional assets to buy in a deflationary crisis -

Bonds? The bond bubble will just keep getting bigger with more negative or very low yields. People can keep buying to hope to sell to the greater fool, but this always ends badly.

Defensive/high dividend stocks? You're buying at the top of a long aging bull market. 3% yield not so great if you lose 35% of your initial investment the next year.

CD's? Yield's are a joke, mind as well hold cash.

Cash? You know Yellen and company will be firing up those printing presses with QE4 and 5 to save the day. Euro, pound, yen and yuan will all be in a race with the dollar to see who can print money the fastest. They will overshoot the deflation and cause a massive hyperinflation as a result IMO.

Dollar will probably run up sharply in this scenario and would likely hurt gold this way. The futures speculators would likely go against gold but I think at some price levels that the physical buyers and foreign central banks would start stepping in to buy.