***Precious Metals Investors Club***

[SilverSurfer]

Prior to the twentieth century years of deflation were almost as common as years of inflation. However as discussed above, this all changed over the last 100 years or so. Indeed we haven’t seen a year of deflation on this median Global YoY measure since 1933. So we’ve now had nearly 80 years without a global year on year fall in prices.

http://www.zerohedge.com/news/chart-day-803-years-global-inflation