Quote:
|
Originally Posted by Tdog
gold will protect you from Inflation.
|
How do you figure? If you bought gold in 1980 at $850/ounce or so that gold would need to have increased to over $2000 today in order to have kept pace with inflation. Since it is priced at about $700 you would have lost about 1/3 of your money inflation-adjusted.
You can buy TIPS bonds to protect against inflation.