Speaking of 'the most frightening gold chart in the world', I will show you the real one. Right there to the left. This chart is scaring the crap out of anyone who capitulated on the b/s today or dumped their gold miners because they believed the garbage flying around the internet. A-B-C this, deflation that.The entire precious metals complex gets too hot and bothered on the upside and mirrors this with too much noise and doomsaying on the downside. It seems there are lots of precious metals and/or deflation experts out there. They sound authoritative as they render their word from on high. Then the whole effin' thing launches in the other direction as the Fed inflates. Why can't people be more calm when investing or trading in the only 'value' sector left on the planet at the moment?
The debate is over. Deflation is a temporary phenomenon required once in a great while to blow out the excesses of the previous inflationary boom. The Fed and the government are proving that to you right before your eyes. Think about this; the news media are all over the deflationary depression angle. That alone should give the deflationists and cash hoarders pause.
Gold not about price, gold about value. Repeat after me...
