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-   -   If you were scared of hyperinflation, would you buy gold or TIPS/Ibonds? (https://gfy.com/showthread.php?t=910011)

Snake Doctor 06-10-2009 08:45 PM

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.

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 :2 cents:

Hyperinflation or not, people still have to eat. :2 cents:

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 (Post 15946805)
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 (Post 15946920)
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

:2 cents:

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.


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