Personally, I don’t see gold and silver as inflation protected. I remember when the price of gold was set by government and it could not be traded.
Craftsmen, warriors, and farmers are historically able to survive. They aren’t necessarily free, but even dictators need to eat
I was looking at Gold earlier this AM (also cuz I think inflation could easily go crazy with this “regime”), so ran a portfolio backtest on IAU (ETF that follows the price of gold)..
CAGR was 8+% and standard deviation was ~17+%..BUT - there were multiple periods “underwater” (where the value of the portfolio went negative for some time) since 2006. The longest of these was almost NINE YEARS. Max drawdown was negative 42.5%..So, no thanks! Don’t have any desire to watch any investment be less in value than I had for almost 9 years, or to watch a negative 42+% “return”..
Makes me look at all those “Goollllllld!!!!” commercials in a whole new light.