In the endgame of the bankers’ credit and debt ponzi scheme, gold is the ultimate two-edge hedge. Gold protects against both inflation and deflation. The following excerpt is from the book, Time of the Vulture: How to Survive the Crisis and Prosper in the Process
Gold today is valued primarily as an inflation hedge. That is so because when inflation took hold in the 1970s, gold exploded upwards, rising from $35 per ounce in 1972 to $850 per ounce in 1980, an increase of 2,428% in just eight years.
…What is equally as important, however, is what happened to gold during the Great Depression, the period when deflation stopped the US and world economy dead in its tracks… If, in 1928, $100,000 had been invested in the Dow, in 1938 the investment would have been worth only $10,000. If, however, that $100,000 had been invested in gold mining stocks, the investment would have increased to $1,000,000 by 1938.
p. 29, Time of the Vulture: How to Survive the Crisis and Prosper in the Process, 3rd ed., 2012
