Jonathan Christopher

The First (and Possibly Last) Euro Decade

Perhaps Randy_H could educate me with some specific periods of Gold-based currency inflation? I am only aware of that period in Spanish history when Gold (and Silver) from the New World flooded the markets of Europe. There are corresponding periods of Gold deflation during the life of Ancient Egypt as the burial rites of the pharaohs took these metals out of circulation. Could you be detailed? I am not a "Gold Bug" but am intrigued by the relationship between the past decade of "Gold-defined inflation" and the present period of "asset-defined deflation"