If we had Venezuela-esque inflation would gold futures contracts be a hedge? To enforce such a contract, one needs a judge and a sheriff. Where's their incentive to work when they're being paid in worthless inflated dollars?
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Cant you generalize that argument and conclude that the only hedge is to depend on some other country's law enforcement (Switzerland, Singapore etc)?
I don't know enough about futures contracts to answer. I was more thinking about how, in that situation, physical gold and Bitcoin would be imperfect but better hedges.
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Oh yes thats definitely true.
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