Hussman recommends “humble cash” as the best option “because it offers opportunity to respond to deep market losses.” We would refine that a bit. Green cash is a good option under the circumstances Hussman describes. Gold cash is even better. Inflation could become an issue. If it does, gold can do things for you that green cash cannot – like appreciate, rather than depreciate, in value. The inflation does not have to rise to the level summarized in our accompanying photograph either. Historically, gold has proven to be a solid hedge against even comparatively minor doses of currency depreciation.