Plunger,

I didn't mean this to be a pissing contest and I apologize if I came across brash. I too do not care for symantics. Inflation or deflation, whatever you want to call it, I believe the world is moving back toward a greater acceptance of gold as money and this is why I am here.

But let's call a spade a spade: you did not quote Bob Hoye in your original post. I very much agree with Hoye's logic that in true deflation the real price of gold rises, no matter the price in US dollars.

However, in your original post you referred to Prechter as if you believed his entire thesis, and he is very clear that owning miners is one of the worst investments one can make at this time. If you intended to caveat your original post by saying that you believe Prechter's deflation will be good for Tyhee, you might have considered saying that at the same time. The implication in your post, whether intended or not, was that you believed Prechter's analysis that most miners will go bankrupt or close to it.

That is why I questioned your posting here. I have no problem with someone presenting facts that make me question my investment thesis. We all want to learn more. But yes, there are nerves to be hit when someone with a zero post history comes on and makes a statement implying that our investment is one of the worst possible ones to make through 2014, as Prechter believes, whether it is said in a civil manner or not.

Hysteria