Zeev's Turnips Patch-No Politics (ZEEV)

[oeo2oo]

Not that I believe we are headed for a depression, but you might want to review what one gold stock managed to do during the last depression:

What Did Smart Money Do In the 1929 Crash and Aftermath?
During the same bear market period smart-money moved from the plunging equity markets (i.e. financial assets) to hard asset investments, like Homestake Mining - which is used heretofore as a surrogate for all gold stocks.

The stock price of this gold mining company soared relentlessly upward during the entire bear market. Homestake Mining stock rose continuously from $80 in October 1929 to $495 per share in December 1935 - which represents a total return of 519% (excluding cash dividends) during the devastating bear market period.

Contemplate and appreciate the monumental difference in investment returns during a serious bear market. Smart-money invested $10,000 in Homestake Mining (hard assets) in late 1929 - which increased in value to almost $62,000 by December 1935. This represents a compound rate of return of 35% per year in appreciation alone!
http://www.gold-eagle.com/editorials/great_crash.html

So perhaps you might need to modify your statement that:
Also let me add, according to the final flush history of the DOW back in 1932, EVERYTHING got flushed. Equities, bonds, commodities, and GOLD.

So even though gold prices were fixed, the price of gold shares were not.