But there’s value in diversification to a degree, as well as a longer-term bet on the economy.
There is by far a bigger risk involved. If one wants to diversify, then one turns to precious metals, not another fiat currency, which I will add also includes the cryptocurrencies. No fiat money has any intrinsic value, just perceived value. While gold has historical value, it too is nothing more than a perceived value. The major difference is that perceived value had been held continuously for many centuries.
However, when push comes to shove all perceptions become vulnerable to realities. 😁👍