Spencer Jakab
speaker
981 appearances
14 recordings
1 series
first heard Jul 2017
last heard Jun 2021
Spencer Jakab’s voice in public audio — every appearance, attributed to the second.
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Appearances
You'd have less mortgage refinancing and whatnot.
But generally, the price to book value has tended to be lowest during periods of high inflation and highest during periods of low inflation.
So that's an unequivocal loser.
Now, real estate
is a mixed bag because you traditionally want to own bricks and mortar if you're really afraid of inflation, because that at least holds its value.
But not really, because right now you have a lot of real estate investment trusts that have long-term leases.
They might be leases of five, 10 years signed with companies.
And as long as those leases are valid, they can't raise those prices.
So they're not one of those nimble companies that can go and pass through those price increases.
What about gold and other commodities?
How do they hold up during times of high inflation?
Gold is the classic thing that people want to own when they're afraid of high inflation.
You have these pictures of people with wheelbarrows of useless cash in Europe in the 1920s and 1930s.
And, you know, gold was the one thing that held its value.
Gold traditionally was the backing for money.
That might not be the best bet right now.
And if you look at gold over its entire history, basically its inflation adjusted return is 0%, which means that if you have a real period of runaway prices, then gold, you know, will hold its value better than paper money for sure.
You know, money that you have sitting in the bank or under your mattress.
So gold doesn't pay a dividend.
Gold doesn't do anything, earn anything.
Showing 161–180 of 981 · page 9 of 50
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