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Gold. The dollar's been mostly at 1-2% inflation through that time period, reaching a high of 5-6% (I think? from memory here) for a year or two during the pe
by jbooth 13y ago
Gold. The dollar's been mostly at 1-2% inflation through that time period, reaching a high of 5-6% (I think? from memory here) for a year or two during the peak of the housing bubble.
Gold had a huge ramp-up in value after the housing bubble burst, due to people panicking that the dollar would lose value. There were a lot of people with a vested interest in hyping the idea to sell gold, as well.
The dollar's been very stable compared to other currencies or compared to baskets of dollar-denominated goods other than gold.