Loading ...Re your…”The lack of understanding from the gold promoters is mind boggling. So if you think gold has been manipulated lower because inflation has gone up while gold hasn’t could you kindly explain why gold dropped for 20 years from 1980 to 2001. Most certainly there was inflation during that time but gold didn’t go up? Why not? It’s very easy to show how little understanding you have of how the markets work and anyone listening to you is most assuredly going to lose their shirts.”
Comment: I am not a Gold promoter. I study and analyze the evolution of the domestic and global economy. By the things you say, its obvious you don’t know anything about the evolution of the economy after 1900. Its a long story and I don’t have time to educate you.
Nobody has watched the game longer and more intently than I have. All inflations (increase money supply and credit) end in a deflation. The INFLATION (increase in money supply)was 1934 to 1971.
After 1971 de-peg gold backing, prices started rising even faster from prior ’34-71 printing. Dollar fell, after ’71, because nobody knew what it was worth, as it dropped and inverted prices higher ’71 – ’81, the Fed started REMOVING money supply, (’71-’81 with rates to 21% to suck in money supply, deflation) as the prices were rising after the gold de-peg.
All commodities naturally went into deflation starting in 1980 to 2001, NOT JUST GOLD, coinciding with the strong dollar globalization policy to grow foreign countries economies, and take away from the US economy to equalize global wealth. Which has reversed in ’08.
The 1934 to 1971 period was massive inflation, over investment PRINTING for WW I WW II Korea Vietnam, war materials combined with space travel and stupid moon landings, same as the roaring twenties (1913-1929) inflation for WWI and “fun”. That caused deflation in the 1930s.
The 20 year deflation in all commodities after 1981 to 2001, including deflation in wages after 1981 to present in private sector. I have no more time. Put more thought into what you think you know and learned from out dated guru Armstrong. Gold is the pituitary gland of the financial system. Banks and gov’t store it. Its real money. Not like paper stocks and bonds, or real estate that you can’t hide or move. And not divisible.
It’s very easy to see how little understanding you have of how the economy works and anyone listening to you and Armstrong, are most assuredly wasting money for his service, and going to lose their shirts.