Gold as a deflation hedge
How gold performs during periods of deflation,
disinflation, stagflation and hyperinflation
“That men do not learn very much from the lessons of history is the most important of all the lessons of history.” – Aldous Huxley
Though Huxley’s observation is readily applied to humanity collectively, it does not apply so easily to individual investors. As justification, we offer the ongoing (and long-term) success of the USAGOLD website as well as the soaring statistics on the growth of private gold ownership over the past decade both in the United States and abroad, inspired directly by the lessons learned over the past decade of financial market upheaval. The following short essays are dedicated to the safe-haven gold investor who, like noted financial author Nicholas Taleb, believes that it is just as important to prepare for what we cannot foresee as what we can.
A chronology of panics, mania, crashes and collapses
(400 BC to present)