3 ms·

My cash savings are held in the form of US treasury bonds. To a first approximation, they are impervious to theft (registered to me personally and accessible v

My cash savings are held in the form of US treasury bonds. To a first approximation, they are impervious to theft (registered to me personally and accessible via treasurydirect.gov) and devaluation (indexed to grow with inflation).

SilasX 6y ago
If they’re short term treasurys (or heck, anything up to five year maturities) they’re definitely not keeping up with inflation, especially if you have a normal income and have to pay taxes on the interest.
- ForHackernews 6y ago
  I bonds are indexed to inflation (adjusted semi-annually) and exempt from state & local tax: https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm https://www.treasurydirect.gov/indiv/products/prod_ibonds_gl... But also, this is hilarious nitpicking from fans of digital "currency" that can't be used to buy anything or even moved for less than a 20 dollar transaction fee. [0] I'll put treasury bonds up against bitcoin as a stable store of value all day. How much are you up? Getting nervous to sell, or gonna HODL strong? [0] https://ycharts.com/indicators/bitcoin_average_transaction_fee https://ycharts.com/indicators/bitcoin_average_transaction_f...
  - SilasX 6y ago
    Treasury bonds can’t be used to buy anything either. Are you comparing apples to apples here?
    - ForHackernews 6y ago
      Who knows anymore? Bitcoin advocates keep changing what their thing is supposed to be an improvement on as it proves to be inferior to one traditional financial implement after another.
noofen 6y ago
> and devaluation (indexed to grow with inflation) Indexed to grow with CPI, which is a wild guess[1] since 1980. [1]: http://www.shadowstats.com/alternate_data/inflation-charts http://www.shadowstats.com/alternate_data/inflation-charts