Cash will depreciate 6-10% p.a. depending on how you calculate loss of value of cash due to money expansion (inflation)
You have to bet that gold will suffer at least the same % price drop before cash looks better than gold (or silver)
I personally think the macro political end economic situation favours gold.
Potential for wars-Taiwan & Ukraine
Contagion from Evergrande dismantling. Foreign bond holders on the hook.
Omicron
Potential sovereign defaults eg Venezuela, Lebanon- which ones are next, Turkey?
Forget about interest rates being restored. it can't happen, so its cash under the bed or in a stock market which is rolling over.
Gold looks hell of a lot safer to me.
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