Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Is Gold an Inflation hedge?

with 2 comments

Gold is real money, its value always stays the same. In order to have deflation the U.S. dollar, a fiat currency that is backed by nothing, would have to increase in purchasing power. When the Federal Reserve is printing trillions of dollars out of thin air and the U.S. government is running record trillion dollar budget deficits, it is impossible to have deflation. If we did have inflation, gold would go down in its dollar price, but you don’t have to worry about that happening because it won’t.

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Written by opinionoregon

January 4, 2012 at 4:45 pm

2 Responses

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  1. It’s been a few months, but I actually heard someone say on a news clip that gold was dangerous or a bad form of money because “it’s not backed by anything!” I’m still in shock.

    Daniel

    February 16, 2012 at 1:52 am

  2. I’d buy on the dips. Have “on hand” in the event of an Obama bank holiday.

    opinionoregon

    February 16, 2012 at 3:33 pm


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