A new milestone! Gold up over USD 1800. Watch this space!
“People say that gold does well in inflation, and you don’t want to have gold in deflation, and we may be looking at deflation, that may be coming, but the point I make is the greatest period of sustained deflation in U.S. history was 1927 to 1933 and in that period, gold went up 75%. Gains in gold in today’s condition would be even higher since gold was fixed in 1933, which is no longer the case today."
Jim Rickards, March 2020
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