Patrick Bond wrote:
> I asked on this list (I think) what folk
> thought would happen to the gold price in the context of intense
> financial volatility.
If we see deflation, gold prices will decline, other things being equal. Gold rises in value as a hedge against inflation, not deflation.
I would be interested to learn more about the 1930s experience in S. A.---Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 916-898-5321 E-Mail michael at ecst.csuchico.edu