EW, obviously you are too young to have experienced the 1980's when interest rates went from 9% to 24%. Try paying back a morgage of 300K that has to be renewed @20+%. Deflation IMHO will only be temporary as it was in 1929 before the worst inflationary period in our history starts and that will make gold go ballistic and make it impossible for the average person to live on the meagre salaries they earn. This is the start of the run, oil goes down before gold goes up. Stay tuned for the big bust. It will make the younger generation finally pay attention to what happens in the country instead of ignoring politics, and not voting, 60% is pathetic in times like this, but the bubble has not fully burst yet. Us old guys prepared for the times because we remember what it was like.