(via master-of-none)
This was an interesting read. I’m not a gold bug. I have a small amount myself, mostly as a hedge. Of course, if I believed in the collapse of the dollar, I’d own physical coins instead of shares of GLD. Hyperinflation has no domestic investment strategy other than bunkers of canned foods, water, and guns (or plane tickets, but that’s not nearly as fun). Hyperinflation is always accompanied by massive civil unrest. Therefore it makes no sense to make big bets on an American exchange that pay off only under a hyperinflationary scenario.
