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<p>[QUOTE="GoldFinger1969, post: 7345069, member: 73489"]Don't....stocks are the best hedge against inflation. Or even TIPs (inflation-protected bonds).</p><p><br /></p><p>PMs worked once as a hedge against inflation when the monetary system broke down, oil prices went up 10-fold, and inflation took bond yields to 15%. </p><p><br /></p><p>Gold and dollar trading each were about $1 billion in 1980....today, gold trades $50 billion a day and dollar trading is $5 trillion a day. </p><p><br /></p><p>That's where the hedges go on a daily basis.</p><p><br /></p><p>Since you buy stuff priced in dollars -- unless you buy lots of foreign stuff like Porsche's <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> -- any such fall won't directly impact you.</p><p><br /></p><p>Not necessarily....the price would cheaper to foreign buyers who might buy or sell.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 7345069, member: 73489"]Don't....stocks are the best hedge against inflation. Or even TIPs (inflation-protected bonds). PMs worked once as a hedge against inflation when the monetary system broke down, oil prices went up 10-fold, and inflation took bond yields to 15%. Gold and dollar trading each were about $1 billion in 1980....today, gold trades $50 billion a day and dollar trading is $5 trillion a day. That's where the hedges go on a daily basis. Since you buy stuff priced in dollars -- unless you buy lots of foreign stuff like Porsche's :D -- any such fall won't directly impact you. Not necessarily....the price would cheaper to foreign buyers who might buy or sell.[/QUOTE]
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