Bravo! Here's the most concise and well presented mini essay on this subject that I've ever seen. ...well worth reading for those here who may have worries in this regard, though it does not promise roses in the very early stages of such an event.

http://goldsilverworlds.com/economy/what-happens-with-the-gold-price-if-deflation-wins/

In my opinion, the centrals banks of the word would rather risk hyperinflation before they see the value of their assets crash. Either way, gold (and miners) wins.

In a related matter this morning, precious metals prices are up modestly at this moment, though copper has dipped below 3 bucks, and zinc below 1 dollar. Meanwhile, mining stocks are up, including those of base metals.

Also, "When your savings account yields next to nothing, some reason, why not just buy some gold? This pattern is worldwide."

http://dailyreckoning.com/the-next-phase-of-gold-profits-is-about-to-begin/

VP