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by AnimalMuppet 1780 days ago
Gold. Gold essentially functions as a short on paper currency. If you're wrong, you'll lose money, but it won't be an unbounded loss.
1 comments
throw0101a 1780 days ago
Gold isn't as much of a hedge as most people think. Two papers by Erb & Harvey cited in the podcast:

* https://www.nber.org/papers/w18706

* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639284

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