Before reading this non sense, remember that this 14 year old has not mentioned once in this verbose or AKA verbal diarrhea, that Gold performs even more exceptionally in times of inflation....and if he knew anything, which he doesnt, he knows that the ONLY way to perpetuate the ponzi, is to inflate and print. There is no room for deflation. Pay close attention to his "When it ends" section, because its 10 years now, and it hasnt ended, of course, he wouldnt remember he was probably playing pogs in grade 6 when it started.
Deflation Drives Prices Higher:
Owning gold does not create value. The price of any commodity is a function of the marginal supply and demand. The largest motivational force in the world, fear, is driving gold prices higher. The fear of what? Right now, the fear is a deflationary spiral. The reason gold tends to do well during periods of deflation in my opinion is that the prevalent global monetary powers prefer low inflation to deflation, and as such can be expected to increase the money in circulation during periods of economic slow-down and malaise.
Click here to read the rest of this idiosy...