Don Coxe on Gold via Zero Hedge

Aside from the typical linking of the word "inflation" with rising prices and "deflation" with declining prices, which is really where IMO many people make their fatal mistakes with regard to gold, inflation and the entire game of cat and mouse that is the ongoing system of Inflate-Or-Die, I think this is a pretty good look at gold and modern monetary history from Don Coxe:

Don Coxe Dissects Gold, As "The Most Established Store of Value Moves to Center Stage"



"What we believe is unfolding is a rush into gold by individual investors who look at the astronomic growth in financial derivatives—particularly collateralized debt swaps—and government deficits at a time when the effects of demographic collapse are finally being understood. According to some guesstimates we have heard, the supply of outstanding financial derivatives may be in the $70 trillion range, dwarfing the combined value of money supplies and debts. The total value of gold is so minuscule in comparison to the supply of these software-spawned instruments that it cannot be any real help in stabilizing global finances—but it can be a haven for investors seeking to protect themselves against an implosion of majestic proportions."