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Regardless of whether or not we are indeed in an inflationary environment, mattress (physical cash) is the opposite of what you'd want to do in an inflationary
by kaycebasques 5y ago
Regardless of whether or not we are indeed in an inflationary environment, mattress (physical cash) is the opposite of what you'd want to do in an inflationary scenario. Read up on the experiences of any one who relied on a fixed income pension or salary during one of the really intense inflation episodes throughout history. E.g. you get $1000 a month and suddenly just a single loaf of bread is worth $5000.
- JKCalhoun 5y agoAgree, but with savings essentially zero interest the difference is in the noise. OP mentioned downpayment, which I (probably mistakenly) took to mean cash needed very soon. Honestly I have no idea what to do with cash needed a year out. Bear the brunt of pain that is inflation, I guess? I mean, sure, buy gold, a traditional hedge against inflation, but for just a year? And it still seems speculative at best.
- 3np 5y agoSome percentage of allocation in cryptocurrencies (BTC, ETH, maybe one or two more if you invest more time in reading up) may not be a bad idea. (I'm not implying to invest or speculate with what you can't afford to lose and this is not financial advise.)