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What Would Hamilton Think About Today's US Debt?

beebee
edited February 21 in Fund Discussions
We are approaching $40T in National Debt. What's an investor to do to protect themselves from inflationary debasement of our currency? What are you doing with your money to protect against inflation and debasement?

Richard Sylla suggests:

Build a TIPS Ladder:

Buy different maturities of Treasury Inflation Protected Securities
Ranging anywhere from 1, 2 or 3 years to 10 or 15 years
When shortest term TIPS mature, reinvest money in longest maturity ones
Rolling portfolio of safe inflation protection


I wonder how this strategy alone addresses the debasement of our currencies as well as the trust we put into the TIPS calculations themselves.

I keep coming back to funds that are managed with a good slug of hard currency (gold/silver) and stocks of companies that manage resources (energy/commodities/infrastructure) such as PRPFX and GLFOX.
As the first Secretary of the Treasury, Founding Father Alexander Hamilton created a financial revolution, laying the foundation for America’s ability to become the richest and most powerful nation in history.


Comments

  • edited February 22
    Hamilton thought the vast majority of Americans were too stupid and should be prohibited from voting. Worried that some con man promoting populist ideas would fool voters and be elected. Hamilton was a genius and correct regarding his concerns.
  • edited February 22
    Deleted
  • Called that one, for sure.
  • Yessir!
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