Gold prices are off there all time highs, and as I write this I believe gold is 4700,00 dollars an ounce
I believe gold prices could fall 20% but I dont think gold prices would stay down long
I believe even if we see deflation gold prices woulnt stay low for to long because most market participants believe governments will inflate the money supply and inflate the debts away
My opinion is we will see an deflation or disinflation event first then an government reaction to inflate away problems and then we will see if theres an economic collapse
I believe most governments and people will assume its to dangerous to own US Dollar assets that can be siezed by the US Government and thats why there appears to be a bid under gold and possibly silver.
Its why in an inflation/deflation event many people will prefer a portion of there wealth in gold coins in there own possession in there home country or maybe a neutral country like Switzerland or Singapore or for others China or the Middle East, possibly Russia.
This is why I think despite high gold prices and silver prices could go higher and an sell off woulnt be like in the 1980s. Only time will tell.
So far it doesn't appear World Governments will not cut social spending or defense spending. It appears to be the opposite Governments will inflate and borrow and raise tax if they can to smooth over these problems.
Just as an recent example UK has tried raising tax and I believe wants wealth tax, and people from all social classes of chosen to immigrate and the same for there capital and so far the government hasnt enacted exchange controls.
I think people will choose to leave and continue to live in freer societys and theres little most Governments can do about it but time will tell
This is why weather gold goes up or down money will continue to go into it and silver and BTC and even some co commodities.
Good luck.
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