Mel Shapiro

Yellow Gold vs. Crude Black Gold: Who's Ready to Rally?

During deflationary times, gold does not do well, cash remains king. As the price of oil plummets, those that use oil revenues to buy gold aren't. Even if there was a collapse of USA monetary system, gold would be next to impossible to use as a medium of exchange. In the event of inflation, useable commodities like oil and agriculture will at least stay pace.