Options, Futures, & Commodities, 2025
This is an edited version of the video “Options,, Commodities, Futures & Gold” which I made in 2016. In that video, I said “Don’t buy gold as an investment. You know, this advice wouldn’t necessarily apply to someone living in a politically or economically unstable country, who faced a real risk of currency collapse, and was unable to obtain or safeguard foreign securities
or currency. While such a person would face the same sentiment risk
as others when buying gold, this risk could be less than the risk of currency collapse. But the US dollar isn’t about to collapse. Of course, somewhere down the line, the dollar could be weakened by inflation. But you can buy investments that offer better protection against inflation than gold.
For example, treasury inflation-protected securities, often referred to as TIPS.” Today (Sept 2025) the independence of the Federal Reserve is uncertain–which makes the future of the dollar uncertain. And the recent firing of the head of the Bureau of Labor Statistics suggests that government statistics, such as the consumer price index, could become unreliable. That would make TIPS less of a hedge against inflation. I’m not recommending that investors buy gold. But I believe that there are better arguments for doing so now than there were nine years ago.
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