Maser wrote:
Lol let’s not change the subject.
I have no horse in this race, I think that both guys are morons and that anybody involved in high-level party politics in the US is a corrupt POS.
But you know, there’s a selection effect.
Term limits would alleviate some of the problems...and which politician would vote for that?
I'm not sure politics belong in this thread. It just tears people apart.
There's a big Biden thread where cutting loose is welcome and habitual. I let off steam there.
I read a piece in the Economist that suggested not owning gold anymore...that TIPS do the job of crisis hedge just as well, plus you get paid interest. Usually.
Plus BTC is dragging a lot of money out of gold, depressing its price.
I have around a 2% position in gold, thinking of it as a hedge against dollar weakness.
Which El Racket has mocked me for, and he's been right. Dollar has been very strong.
Maybe I should dump the gold and just own TIPS as an inflation/crisis hedge.
The reason not to is that if interest rates rise to 4% TIPS will lose quite a bit of NAV. And if there is deflation, TIPS actually lose nominal money.
But gold might not go up in that situation, as people might be willing to own US guvernment debt at 4% instead of gold at 0%.