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Money printers are going brrrr all over the world. Bitcoin, gold and equities are all good inflation-hedges. Cash is trash. Make sure you own things instead.
by joshfraser 6y ago
Money printers are going brrrr all over the world. Bitcoin, gold and equities are all good inflation-hedges. Cash is trash. Make sure you own things instead.
- etrautmann 6y agoBitcoin is not in the same category as equities, bonds, or commodities. It should only make up a tiny portion of ones portfolio unless their risk tolerance is far outside normal levels. Not sure I understand your perspective on “things”. Most physical things depreciate worse than the impact of inflation on cash.
- madsbuch 6y agoI think the idea is have a house instead of the money for it. I kind of follow this sentiment. One could also say earn no more than you need and focus the rest of your time on something valuable to you. One hour extra spent working probably does not equal to one hour less working in 5-10 year.
- vbtemp 6y agoYou literally just strung together a bunch of meme-related buzzwords. There are serious concerns about inflation, and better ways to address those challenges than culty catechisms.
- throw0101a 6y ago> Money printers are going brrrr all over the world. Bitcoin, gold and equities are all good inflation-hedges. Inflation has been predicted since (at least) 2010: > We believe the Federal Reserve's large-scale asset purchase plan (so-called "quantitative easing") should be reconsidered and discontinued. We do not believe such a plan is necessary or advisable under current circumstances. The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed's objective of promoting employment. * https://economics21.org/html/open-letter-ben-bernanke-287.html https://economics21.org/html/open-letter-ben-bernanke-287.ht... Still waiting.