I am frustrated in that I have money but nowhere to put it, anxious over holding it because of inflation. Just kind of sitting around waiting, losing wealth.
Storing wealth for later is one of the hardest things to do. It is an unsolved problem, even after thousands of years. Capitalism has a strong claim to hint at a workable solution: it formulates a process in which savings can be converted into capital, capital being the lever to increase productivity, thus increasing wealth. Funnily enough, the accountants responded by starting to depreciate the capital assets, bringing it back full circle. It also necessitates capital being deployed productively. And that too is apparently not that easy either, as the current meltdown is showing.
One way to play it is to buy long-term bonds at about the peak of the interest rates. Bond prices are inversely correlated with interest rates; as rates drop, bond prices rise. The longer term gives you a longer lever for the interest rate move to raise the price.
Then, when rates bottom, sell the bonds and buy stocks. [Edit: Because that's the top for the bonds, and usually somewhere around the bottom for the stocks.]
The observant will note that this requires you to know when the interest rates are peaking, and when they are at bottom. There are some technical markers that can give you hints, but the reality is that there is no absolute way of determining these things. They turn out to be informed judgment calls.
This is the most manipulated, trash asset imaginable. The price of gold hasn't changed since 2011. It was $1900, still $1900.
Worst investment of my life. Maybe 2024 - 2030 will see some returns in gold like we saw from 2001 - 2011.
I'll keep investing in miners, because it's what I know and spend a lot of time reading drill results, balance sheets, etc.
But diversifying my portfolio. Oil has done particularly well in the past two years. There are many other interesting commodities.