“Is Cash Truly a Better Safe Haven Than Gold?”
October 24, 2019
“Recently, CNBC published an article stating that investors have been dumping gold to jump into a preferred safe haven: cash. The saying goes that during times of market uncertainty and turmoil, cash is king. So, what would have happened if you held cash versus gold from May 2017 to May 2018?
We referred to a Historical Inflation Calculator that calculates the amount of CPI price inflation as reported by the US Bureau of Labor Statistics (BLS). Overall, there was a 2.8% depreciation in purchasing power due to inflation between May 2017 and 2018…
When planning for your retirement, do not underestimate the effect that inflation may have on your assets. You want to achieve both growth and capital preservation. You want to maintain, or better yet, grow your purchasing power…”
https://gsiexchange.com/is-cash-truly-a-better-safe-haven-than-gold/
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