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<p>[QUOTE=&quot;Cloudsweeper99, post: 1281410, member: 3011&quot;]I hope it wasn&#039;t me that you quoted because I&#039;ve tried to convey that commodities have a time and place, but it isn&#039;t always the right time to own them.&nbsp; Maybe the quote was relating to commodity futures investments over the long run, which have not done well for the vast majority of investors.&nbsp; One thing to consider by looking at history is that unsustainably high and growing debt levels are frequently resolved through deflation and not inflation.&nbsp; That is why I&#039;ve been saying that there is a 50/50 chance of inflation or deflation.&nbsp; The outcome depends on a policy decision that hasn&#039;t been made yet.&nbsp; It seems just as likely to me that the government and Fed will find a clever way to default on the debt without making it look like a default, and cash will be king in such an environment.&nbsp; Hyperinflation is one outcome, but not the only possibly outcome or even the most likely one.&nbsp; In the future, gold might do well, real estate might do well, stocks might do well, bonds might do well [but this seems less likely] or cash might turn out to be the best holding.&nbsp; The oldtimers used to say buy stocks when there is blood in the streets.&nbsp; We are pretty close to that scenario right now.[/QUOTE]</p><p><br /></p>

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