3 ms·
Within the context of the statement... The entire period where we've been experiencing high inflation. Ex: Gold went into 2021 at $1,798.89 and is now $1,874
by horsawlarway 4y ago
Within the context of the statement...
The entire period where we've been experiencing high inflation.
Ex:
Gold went into 2021 at $1,798.89 and is now $1,874.00 (per/oz)
Bitcoin went into 2021 at $40,257 and is now $17,536
Gold passed the "inflation hedge" check, in that it's returning higher yields than both your investment accounts (if you invested in the general US stock market as a whole) and your available savings accounts rates. It's certainly worse than an i-bond, but most everything is in this case, and those are capped at 10k.
Crypto flunked with flying fucking colors. Turns out it's a shite inflation hedge despite that being a common refrain from those who peddled this snake oil bullshit.