Assets? Physical, material goods? Or investment vehicles like bonds and funds?
What happens when the bubble bursts? What doesn't lose value? Who doesn't wind up underwater?
What happens when the bubble bursts? What doesn't lose value? Who doesn't wind up underwater?
I remember that for a short but intense period of time money-market funds were in negative territory in late October 2008, which was really interesting because they were seen as basically cash (rightly or wrongly, that’s another discussion) and a run on them would have made many people very, very unhappy.
Everything.
"What happens when the bubble bursts?"
Good question. High inflation? Strong recession? Or decades of stagflation? Everything is possible. The future is hard to predict.
"What doesn't lose value? Who doesn't wind up underwater?"
"No place left to hide".
The fact is that gold is one of the few asset classes that are safe.
As opposed to say steel and copper which are tied to industrial supply and demand.