The thing about it is, technically speaking, gold is completing what seems to be completing wave B of the ABC elliot wave theory. Though you wrote this post last year, recently gold has broke below the ascending triangle it was forming and is continuing the down trend. Other commodities are rolling over as well completing their B wave.
Dent talks about how commodities peak every 30 years. all commodities peaked back in 2008-2011.
The theory of gold being a safety play during a crash is a notion I believed a few months ago. I also believed silver could do the same. So much so, I accumulated 125 ounces of the metal in the past year. However, after more research, I have seen that gold has almost never moved in a positive direction during market crashes. During the 2008 crash, gold fell about 40% or so (of course it then continued it's trajectory a few months later to hit $1900.
As of right now I believe it is best to stick with what is trending higher and avoid everything else that isn't.
If this crash is around the corner, I don't want to be holding anything that is heading to the downside.
Alternative note investments and bonds are beginning to look attractive as well.
I found your article through google search. I'm very interested in the inflation vs deflation debate.
Hope all is well in your world.
RE: Why Harry Dent is both right and wrong on deflation