Nemo:
Re: “I am more worried about deflation than inflation when the economy turns down. It’s a whole different ball game than anybody thinks...”
For those of us who are retired, deflation is wonderful. Our savings will buy more. Who wants inflation? Only the government - since it causes inflation when it prints money, spends more than it can afford and increases the debt.
In a deflationary depression, money buys a lot because it's hard to come by. In an inflationary depression, money is plentiful but can't buy anything. Inflationary depressions are the worse of the two and are what we are headed for.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months