It's that simple.

The "deflationary Depression" of the thirties couldn't deliver a continuing supply of paper simply because the $US was on the Gold Standard! Their was virtually no money!"

"Money" disappeared. Roosevelt "reflated" the US ecomomy by advancing the price of gold increasing the money supply.

Today's gold is the "printing press!"

It's in high gear!

The progression, will, in the oppinion of minds more brilliant than mine, be short term inflation, (already with us) rolling over to midterm hyperinflation, (at which point the US covers its $trillions in debt) with the final bell spelling deflation in whatever form it takes!

The "bubble," for gold and oil, is ahead not behind us!

RUF

My research leads me to believe banks loan "22" times their deposits. Consequently "debt" is no more than "thin air," supported in these times by "virtual paper!"

Rod's $5000.00 gold will likely prove to be "lowball" when all is "said and done!"