To my mind the prospects of a future store of value are shares of well run companies that supply essentials. My Exxon shares have maintained their value but are subject to government whims. So far, such shares show growth is steady and inflation proof. I don't bother with speculation and hopes of a big payday from the shares supplying entertainment which can fail if economics get bad.
But we all need some well hidden metal coins or bricks of precious metals. I've tried physical stocks of beans/rice but they require monitoring and replacement cycles which gets harder as I age.
Given history of government revenue/outlay over a long time, 2% inflation has been OK and tolerable. That radically changed after 2008 as boomers retired; inflation/devaluation worldwide increased and won't likely return to normal (tolerable 2%) for a long time. As you note the demographics are awful. The disconnect between government policy and people's expectation is growing. As boomers pass away, their wealth transfers so spending might continue - then what?
Solid and valuable insights!
To my mind the prospects of a future store of value are shares of well run companies that supply essentials. My Exxon shares have maintained their value but are subject to government whims. So far, such shares show growth is steady and inflation proof. I don't bother with speculation and hopes of a big payday from the shares supplying entertainment which can fail if economics get bad.
But we all need some well hidden metal coins or bricks of precious metals. I've tried physical stocks of beans/rice but they require monitoring and replacement cycles which gets harder as I age.
Given history of government revenue/outlay over a long time, 2% inflation has been OK and tolerable. That radically changed after 2008 as boomers retired; inflation/devaluation worldwide increased and won't likely return to normal (tolerable 2%) for a long time. As you note the demographics are awful. The disconnect between government policy and people's expectation is growing. As boomers pass away, their wealth transfers so spending might continue - then what?