the-best-way-to-think-of-gold
So the best way to think about gold in the longer term, rather than as a specific hedge against either inflation or deflation, is as a currency. A currency that cannot be debased or undermined by any government. Central banks in emerging economies certainly seem to be looking at gold that way.
John Steepek, 'Why your portfolio should be braced for another crash' MoneyWeek
