The Silver Analyst

Gold Doesn’t Care If It’s IN-flation or DE-flation

I wouldn't argue with Jastram on gold and deflation when we had a gold standard but his book ends in 1976 just as gold was left to freely float right up to 2009. That is the period that is most of interest to us and as far as I can see freely floating gold went DOWN during the disinflation of the 1980s and 1990s. I would be interested to see Leyland's conclusions in the republished book as Jastram's analysis is not as relevant to a floating gold environment.

In Defense of Peak Gold: Evidence Gold Production Peaked in 2001

Thanks for the clarification, David.

Undersea mining will be as much the way ahead for gold as it was for oil. I just don't see it halting a long term decline in gold production. Nevertheless, it is an exciting prospect for the next phase of gold mining.