[JustDoItAlways]

If the doom and gloom business prognoticators are right about the coming depression and asset-value deflation (more asset values than CPI deflation) and they called part 1 and part 2 right so far, ...

... then the only place to put your money in is very safe government bonds. Deflation will give you a reasonable real return at a time when other asset values are declining.

They are also saying buy gold but that does not seem safe to me. Gold is part commodity and part financial instrument and has been counter-cyclical in the past. But one never knows which component is going to be driving the bus at any one time or which way that bus is going to be steered.

[CottonBall]

... then the only place to put your money in is very safe government bonds. Deflation will give you a reasonable real return at a time when other asset values are declining.

They are also saying buy gold but that does not seem safe to me. Gold is part commodity and part financial instrument and has been counter-cyclical in the past. But one never knows which component is going to be driving the bus at any one time or which way that bus is going to be steered.

I don't know if he said it in this interview (yes, I am doing the unthinkable and posting without listening to the interview. I would read an article, but I find audio annoying - plus I've heard numerous interviews of his already) - but he is predicting hyperinflation. 'Stagflation', acutally, where there is huge inflation but also wages stagnated. He thinks the dollar will be worth 10% of what it is now. Hence the advice to buy gold.

I hope he is wrong.

[dennisw]

... then the only place to put your money in is very safe government bonds. Deflation will give you a reasonable real return at a time when other asset values are declining.

They are also saying buy gold but that does not seem safe to me. Gold is part commodity and part financial instrument and has been counter-cyclical in the past. But one never knows which component is going to be driving the bus at any one time or which way that bus is going to be steered.

I like gold but there are deflation gurus such as Martin Weiss who say TBills are king in a deflation. Or a solid TBills only money mkt fund

Deflation and commodity crash hit last August.
Since then TBills beat gold