Easy.
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Hey, I used to use that tagline!
So the best strategy is to put your assets in cash during the deflationary period, purchase commodities at the bottom of the deflationary trough, then let your commodity value ride the hyperinflationary wave up.
Excerpt:
Like Rothschild said, Buy when theres blood on the streets. The thing to do to prepare for hyperinflation would be to invest in a diversified hard-metal basket before the eventno equities, no ETFs, no derivatives. If and when hyperinflation happens, and things get bad (and I mean really bad), take that hard-metal basket andright in the teeth of the crisisbuy residential property, as well as equities in long-lasting industries; mining, pharma and chemicals especially, but no value-added companies, like tech, aerospace or industrials. The reason is, at the peak of hyperinflation, the most valuable assets will be dirt-cheapespecially equitiesespecially real estate.
It is not necessary to seek the bottom. Go ahead and invest now. Take a long view and ignore short term variance.