Another useless financial advice column about inflation and retirement: Anne Tergesen’s Wall Street Journal column yesterday. She correctly points out that retirees get screwed by inflation but offers zero helpful advice. She just quotes a guy saying he's "troubled by what [he] sees."
I am troubled by the WSJ offering zero help to readers who will be devastated by inflation if it happens. Pensioners are the group hurt worst by inflation.
Again, I think the problem is stock brokers have no inflation protection to sell that pays them a commission. The solutions are simple: non-USD-denominated assets. They are a diversified portfolio of foreign currencies not likely to inflate or default. Also, real estate, especially American homes. And US nickels and pennies which are ways to invest in and take delivery of copper, nickel, and zinc. You cannot lose because the fiat money denomination engraved on those two coins prevents them from falling below their face value. If there is inflation, the melt value of those coins rises. If there is deflation, the melt value will fall, but it becomes irrelevant below the face value.
You can also buy inventory, equipment.
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