[marcrosoft]

My guess is TIPS would outperform gold for low to moderate inflation and get absolutely crushed for high or hyper inflation.

[paulpauper]

they would only get clobbered if the fed is ahead of the curve. If the CPI is 4% a year and interest rate is 2%/year, then TIPS are very good cuz you are getting a 2% real return even with high inflation.