Wouldn't oversold imply gold is a good buy right now? In terms of your requirements, the precious metals seem to be the best item. If you think gold is too hi

Wouldn't oversold imply gold is a good buy right now? In terms of your requirements, the precious metals seem to be the best item. If you think gold is too high then silver might be a good choice too. It also depends on how much inflation you think needs hedging. If you are talking hyperinflation then John Williams over at Shadow Stats is recommending cases of whisky. You could stock pile some incandescent light bulbs since the average American does not know that they have been outlawed (effective in 2012?) and there is sure to be a run on those when people finally learn about that (but that's more speculation than inflation hedge). Oddly enough the best inflation hedge is to go into debt on the longest period possible. When inflation hits you pay it back in deflated dollars. Buy a new car on a 5yr 0% interest loan, sell the old one and put the money in gold (bullionvault.com) or buy inflation adjusted bonds (TIPS). Pretty low risk as long as you can make the payments. Even better is a house (30yr loan at 5-6% interest) will almost certainly be a bargain when high inflation hits.