i think gold is a good buy, because very high rates of inflation are going to follow the credit crunch, the worlds central banks are going to have to inflate, thus reducing the value of cash, we may have deflation in ireland simply because irish goods and services have no other way to go but down irrespective of whether oil etc go back up because of international demand, warren buffet is investing almost all his stockpiles of cash which he has been hoarding for years, he is not banking on deflation, why not put some money where he is putting it,