Posted inOp-Eds, Opinion

’70s-era inflation advice was hollow and still is

For those with enough cash on hand, collectibles offered a more enduring, if less edible, hedge against inflation. Coins, stamps, baseball cards, antiquarian books, gemstones, antique furniture and presidential autographs all became popular hedges in the 1970s. Some also became the focus of speculative bubbles, though these invariably collapsed by the early 1980s.

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