Events leading up to the "Great Depression" were erily similar to events unfolding today.

Real-estate tanking, (down 90%) a multitude of bank failures, Dow dropping to less than 100 points, (dow/gold ratio very close to 1) currencies (then on the gold standard) were devalued through the increase in the 'statutory' value of gold, and on and on!

After all was said and done, gold and gold equities were the "big winners!" (Homestake posting a 10 bagger between 1930 and '35!)

It, (the event) by definition was a "deflationary depression" brought on in part by the "easy credit" available in the '20's!"

So where are we going with this deflation vs gold debate?

Rough/Ruf