Wednesday, July 18, 2012

Deflation is here

The price of gold was 1889 in September 2011, and 1787 in February, 2012 but is currently about $1590.  Until the price of gold goes back up, there is no chance of a hyperinflationary crisis occurring.  Which means there is no reason for this blog to be here.

So I am suspending any warnings of a crisis until further notice.  But there is still the odd story or two to comment on.

No comments:

Post a Comment