You say ``In a deflation, gold should hold its value``. Where did you get that idea? In a deflation, prices of everything drop. The only thing that goes up is the value of cash.
Maybe it`s because the commodity is less liquid than the shares and can be artificially supported by `people` (to put it politely) like you.
Why Gold Stocks Failed (And Why I'm Still Holding On) [View article]
Maybe it`s because the commodity is less liquid than the shares and can be artificially supported by `people` (to put it politely) like you.