DiggerUK

Latest Gold Correction a Buying Opportunity

Nice one Mark, credit were credit is due hey!

What you could also have mentioned is that the gold the IMF is proposing to sell is about 15/17% of annual production.

Don't Miss the Coming Gold Bull

Current debate on the 'flations is as varied as the weather.

It is also hampered by a confused analysis of periods in history when it has happened.

Hyperinflation as in Germany between the wars, and Zimbabwe today, should not be considered alongside the inflation crisis that rocked Argentina a few years back.

Inflation in three figures cannot be compared to German and Zimbabwean inflation that has figures ending in figures to the power of 10.

I make this point in order to emphasise the one common factor between Germany and Zimbabwe. No gold in their treasuries, all fiat paper must have gold backing of some amount.

Argentina was bailed out by the IMF, that did have gold to back it's paper loans.

Your opening paragraph makes a very common error by lumping stagflation and hyperinflation together.