One of the more damaging attributes of inflation is that investing in hard assets as a hedge means that wealth is not at work producing a return.
One of the more damaging attributes of inflation is that investing in money derivatives as a hedge means that wealth has the false appearance of gain, because your fiat sublimates away.
Overall, there is no amount of faux "wealth" gain with derivatives not cancelled if not overwhelmed by thinning of that false "wealth".