Top Austrian bank: "Gold is the optimal investment in both deflation and inflation"

The central question of whether the next few years will be dominated by inflation or deflation still remains unanswered.

In periods of inflation, tangible assets are the preferred asset class, whereas in times of deflation, cash is king. Gold is liquid, divisible, indestructible, and can be easily transported.

It has a worldwide market and there is no default risk associated with it.