GOLDBUGS AMEX Goldbugs Index (GOLD): got it backwards - printing massive......

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Re: mrinos post# 9069

Tuesday, 11/25/2008 6:16:01 PM

Tuesday, November 25, 2008 6:16:01 PM

got it backwards - printing massive...

amounts of money is inflationary by definition. Deflation is occurring, but many who predicted this crisis believe it is only temporary and will soon shift to not only inflation - but hyperinflation.

Here's a quote from Peter Schiff: "Gold's financial role is unique. Money gravitates to gold as a safe haven, a store of value when the purchasing power of currencies is threatened by inflation or economical instability. The United States has both problems in spades."

OldPro survived the Crash of 2008......so far!

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