" I wonder if gold and silver mining equities will also do well in a deflationary environment."

Even though the price of gold was fixed during the 1930's Depression, many miners did very well. There were 9,000 in the USA by 1940. Can you think of any reasons where that wouldn't happen again if we're headed into a deflationary spiral?

Bob Hoye, a deflationist, thinks the gold industry will do great. He's more concerned with what he calls the "Real" price of gold which he sees substantially rising as early as this Fall, even if the nominal gold price doesn't "go to the moon". That's what we should be paying attention to, the real price of gold, as that's what's going to push up the miners' earnings in the midst of deflation.

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