If you were scared of hyperinflation, would you buy gold or TIPS/Ibonds? - GoFuckYourself.com

Snake Doctor · 06-10-2009, 08:45 PM

If you thought we were headed for some hyperinflation circa 1970's, where would you stash your cash?

For those who don't know, TIPS are treasury inflation protected securities, and Ibonds are inflation adjusted government bonds.
Basically they pay a base interest rate, plus the rate of inflation, based on the consumer price index.

My thinking is the gold has the higher upside, especially if there's a panic, but it also has the risk of losing some value, especially if we don't in fact have hyperinflation.

The Heron · 06-10-2009, 08:52 PM

I'd shoot myself in the head because i'd be stupid. But that's just a theory.
Actually I'd spend it all on whores and booze because then there's no concern about the future power of my money!

Agent 488 · 06-10-2009, 08:58 PM

http://online.wsj.com/article/SB124397180034078261.html

spacedog · 06-10-2009, 09:33 PM

Greenhaven Continuous Commodity Index Fund

Hyperinflation or not, people still have to eat.

SomeCreep · 06-10-2009, 09:40 PM

If you believe in hyperinflation, invest in commodities.

Brujah · 06-10-2009, 09:48 PM

Buy Yuan.

Dcat · 06-10-2009, 09:49 PM

Physical Gold & Silver. I wouldn't touch gold certificates, or any other paper promises...

Snake Doctor · 06-10-2009, 10:28 PM

Quote:

Originally Posted by Dcat

Physical Gold & Silver. I wouldn't touch gold certificates, or any other paper promises...

Aren't there very high fees to buy and sell these?

Boobzooka · 06-10-2009, 10:34 PM

Gold is fine to gamble with, but I read so many posts from people believing it will protect them from whatever armageddon they're afraid of, and can't accept their reasoning. In a really chaotic scenario (and hyperinflation is chaos), who would trade anything for some soft yellow metal with few practical uses? It's archaic.

MikeB · 06-10-2009, 11:15 PM

Know your gold before you buy any. The gold business is not regulated and there are a ton of companies screwing new gold investors who don't know what gold is really worth. When it comes to value, don't take their word for it. Do your research.

MarkTiarra · 06-10-2009, 11:43 PM

Quote:

Originally Posted by Boobzooka

Gold is fine to gamble with, but I read so many posts from people believing it will protect them from whatever armageddon they're afraid of, and can't accept their reasoning. In a really chaotic scenario (and hyperinflation is chaos), who would trade anything for some soft yellow metal with few practical uses? It's archaic.

Seriously! But I would say one needs look at the international picture when thinking of what to trade as valued currency. Is hyperinflation going to hit globally or is this more an American problem in your view? At the end of the day though there are commodities and there are COMMODITIES and I would think it's wisest to invest in the very basic needs of man.

Mr.Right - Banned For Life · 06-10-2009, 11:49 PM

ammo and canned food

pocketkangaroo · 06-10-2009, 11:57 PM

I'd say gold and other commodities. I guess equities are a decent bet although they don't usually hedge inflation.

As long as unemployment is high, we aren't going to see hyperinflation.

06-10-2009, 08:45 PM	#1
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	If you were scared of hyperinflation, would you buy gold or TIPS/Ibonds? If you thought we were headed for some hyperinflation circa 1970's, where would you stash your cash? For those who don't know, TIPS are treasury inflation protected securities, and Ibonds are inflation adjusted government bonds. Basically they pay a base interest rate, plus the rate of inflation, based on the consumer price index. My thinking is the gold has the higher upside, especially if there's a panic, but it also has the risk of losing some value, especially if we don't in fact have hyperinflation. __________________ sig too big

06-10-2009, 09:40 PM	#5
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	If you believe in hyperinflation, invest in commodities. __________________ Webair Hosting I use and recommend Webair for hosting.

06-10-2009, 09:48 PM	#6
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Buy Yuan. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

06-10-2009, 10:34 PM	#9
Boobzooka Confirmed User Join Date: Aug 2006 Location: BOOBZOOKA.COM Posts: 626	Gold is fine to gamble with, but I read so many posts from people believing it will protect them from whatever armageddon they're afraid of, and can't accept their reasoning. In a really chaotic scenario (and hyperinflation is chaos), who would trade anything for some soft yellow metal with few practical uses? It's archaic. __________________ BOOBZOOKA: Amateur Affiliate Program featuring SellYourSexTape: Real couples document their lovelife for one week. HerBedroomWindow: Girls recording themselves alone at home. \| DareRing: "Truth Or Dare?" themed adult party games.

06-10-2009, 08:52 PM	#2
The Heron Confirmed User Industry Role: Join Date: Apr 2001 Location: Michigan Posts: 4,486	I'd shoot myself in the head because i'd be stupid. But that's just a theory. Actually I'd spend it all on whores and booze because then there's no concern about the future power of my money!

06-10-2009, 08:58 PM	#3
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	http://online.wsj.com/article/SB124397180034078261.html

06-10-2009, 09:33 PM	#4
spacedog Yes that IS me. Bitch. Industry Role: Join Date: Nov 2001 Posts: 14,149	Greenhaven Continuous Commodity Index Fund Hyperinflation or not, people still have to eat.

06-10-2009, 09:49 PM	#7
Dcat Confirmed User Industry Role: Join Date: Aug 2003 Location: Mexico Posts: 1,607	Physical Gold & Silver. I wouldn't touch gold certificates, or any other paper promises...

06-10-2009, 11:15 PM	#10
MikeB Confirmed User Join Date: Feb 2002 Posts: 2,012	Know your gold before you buy any. The gold business is not regulated and there are a ton of companies screwing new gold investors who don't know what gold is really worth. When it comes to value, don't take their word for it. Do your research.

06-10-2009, 11:49 PM	#12
Mr.Right - Banned For Life I guarantee it Join Date: May 2005 Posts: 18,314	ammo and canned food

06-10-2009, 11:57 PM	#13
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	I'd say gold and other commodities. I guess equities are a decent bet although they don't usually hedge inflation. As long as unemployment is high, we aren't going to see hyperinflation.