Posted by usetabesteve on September 23, 2010 at 12:46:15 from (168.166.54.11):
In Reply to: Re: OT Gold price posted by Mike (WA) on September 23, 2010 at 12:27:18:
You're not really thinking of inflation. You're thinking more of a "run" on the dollar which is still the world's "safety" currency based on exchange rate trends.
A failure of confidence could cause a run on the dollar regardless of the fundamentals but there's nothing in the fundamentals to indicate that inflation is coming. We have lots of people really looking for work in addition to all the ones that don't want to work. We also have a lot of excess capacity in the US.
I am invested in real estate, so if we get deflation, which is looking a whole lot more likely, I lose money.
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