rrickitickitavi t1_iyderj2 wrote on November 30, 2022 at 4:02 PM

I’m dealing with this with my mother. I settled on trying to get her to buy gold. It’s still tangible. She can still see her wealth. It at least keeps up with inflation. Easier to store. She’s not totally sold yet, but getting there. I know gold is usually not a good investment strategy, but anything is better than piles of cash hidden everywhere.

invenio78 t1_iye2lcw wrote on November 30, 2022 at 6:36 PM

I would question buying gold simply to use it as an inflation hedge as the value has moved drastically over the last few decades.

https://www.forbes.com/advisor/investing/gold-inflation-hedge/

rrickitickitavi t1_iyfbh5e wrote on November 30, 2022 at 11:35 PM

Interesting. She has been holding these piles of cash for decades though.