If you were scared of hyperinflation, would you buy gold or TIPS/Ibonds?

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  • Snake Doctor
    I'm Lenny2 Bitch
    • Mar 2001
    • 13449
    #1

    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
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    • The Heron
      Confirmed User
      • Apr 2001
      • 4496
      #2
      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!

        Comment

        • Agent 488
          Registered User
          • Feb 2006
          • 22511
          #3
          http://online.wsj.com/article/SB124397180034078261.html

            Comment

            • spacedog
              Yes that IS me. Bitch.
              • Nov 2001
              • 14149
              #4
              Greenhaven Continuous Commodity Index Fund

              Hyperinflation or not, people still have to eat.

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                • SomeCreep
                  :glugglug
                  • Mar 2003
                  • 26118
                  #5
                  If you believe in hyperinflation, invest in commodities.

                  Webair Hosting

                  I use and recommend Webair for hosting.

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                    • Brujah
                      Beer Money Baron
                      • Jan 2001
                      • 22157
                      #6
                      Buy Yuan.

                        Comment

                        • Dcat
                          Confirmed User
                          • Aug 2003
                          • 1607
                          #7
                          Physical Gold & Silver. I wouldn't touch gold certificates, or any other paper promises...

                            Comment

                            • Snake Doctor
                              I'm Lenny2 Bitch
                              • Mar 2001
                              • 13449
                              #8
                              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?
                              sig too big

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                                • Boobzooka
                                  Confirmed User
                                  • Aug 2006
                                  • 626
                                  #9
                                  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.


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                                    • MikeB
                                      Confirmed User
                                      • Feb 2002
                                      • 2012
                                      #10
                                      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.

                                        Comment

                                        • MarkTiarra
                                          Confirmed User
                                          • Aug 2002
                                          • 3833
                                          #11
                                          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.

                                          Retired Pornosticator

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                                            • Mr.Right - Banned For Life
                                              I guarantee it
                                              • May 2005
                                              • 18314
                                              #12
                                              ammo and canned food

                                                Comment

                                                • pocketkangaroo
                                                  Confirmed User
                                                  • Jan 2005
                                                  • 8452
                                                  #13
                                                  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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