“Gold is money, everything else is credit. JP MorganSubmitted by Apple on Tue, 09/18/2012 - 10:20
“Gold is money, everything else is credit.” - JP Morgan, 1912
That says it all. The more the deflation, the higher gold goes in USD’s because of the Government’s/FED response to save their own asses and give out more uncollateralized credit. Not print Money. They print worthless IOU’s (USD’s).