that is basically the definition of a deflationary spiral. In response, they will create more money and throw it at the wrong people and the taxpayers will foot the bill. again. My opinion, gold is probably not overpriced.
Oh, I think I see what you're saying. So, I don't have enough money or confidence to buy anything more than the bare minimum I need to keep going. Moreover, some debts have gone sour because I MUST get some money in the bank for emergencies. This creates the deflationary pressure. The government then prints a bunch of money and gives it to the unions, Wall Street bankers, and State Governments. This is inflationary. But *I* still don't have any money, and now my taxes and fees are pushing up. This is how we get stagflation - or something new. Inflation and deflation at the same time.
“My opinion, gold is probably not overpriced.”
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Gold is never overpriced. - Gold has always been comparatively slow to move, and is a snapshot of the times, regardless of what it may be doing.
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