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> It’s interesting in the sense that people used to say it’s an inflation hedge but it isn’t. It's still a strictly speculative instrument which target (say, i
by badpun 4y ago
> It’s interesting in the sense that people used to say it’s an inflation hedge but it isn’t.
It's still a strictly speculative instrument which target (say, in 50 years) value is still unknown - may be anything, for example $1k, $100k, $0. As such, it's currently a terrible inflation hedge. Precious metals are much better for that.
- mettamage 4y agoCheckout Patrick Boyle and the Plain Bagel. One of them gave convincing arguments that precious metals are not great inflation hedges. They tend to be academic yet practical about explaining financial markets.
- badpun 4y agoThey're great not in that you may have to wait for them 20+ year to catch up with inflation. Still way better than crypto though.