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> Going back to it seems like a terrible idea. Does it?... After watching savings being decimated by inflation, with the seemingly unending money-printing (the

> Going back to it seems like a terrible idea. Does it?... After watching savings being decimated by inflation, with the seemingly unending money-printing (the solution to Covid, Ukraine, whatever the next crisis is), a lot of people are probably wishing they'd invested in gold.

unixhero 3y ago
The only way to mitigating is to have a large mortgage
LatteLazy 3y ago
em... You realise the exact same thing happens with gold when the price falls right? All time highs for gold prices and falling inflation might not be the best time to buy in...
neffo 3y ago
And a personal investment in gold is in no way equivalent to fixing the exchange value of your currency to it. If you think gold standards prevent manipulation of currencies, well the 1920s would like to have a word with you please. And deflation is far more destructive than inflation.
throw0101c 3y ago
Gold does not help deal with unexpected inflation: * https://www.nber.org/papers/w18706 https://www.nber.org/papers/w18706 * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789 * https://www.pwlcapital.com/will-gold-save-the-day/ https://www.pwlcapital.com/will-gold-save-the-day/ See also The Golden Constant: The English and American Experience, 1560-1976 by Roy William Jastram: * https://www.goodreads.com/book/show/3267510-the-golden-constant https://www.goodreads.com/book/show/3267510-the-golden-const... * PDF: http://csinvesting.org/wp-content/uploads/2016/02/RoyJastram-TheGoldenConstant.pdf http://csinvesting.org/wp-content/uploads/2016/02/RoyJastram...