Gold and crypto have been called 'inflation-proof' investments—so far in 2022, neither seems to be a great hedge (via CNBCMakeIt)
"I believe that the rise in crypto prior to this year was due to the extremely low interest rates, making risk assets attractive," says David Haas, a certified financial planner at Cereus Financial Advisors.
"People can borrow with little to no interest and invest in crypto and other assets. As interest rates rise, this liquidity disappears and suddenly the demand for [these] assets goes away." Haas says that the value of these assets might stabilize and improve later in a recession, when the Fed either lowers or stops raising interest rates.Despite gold's longstanding history as a scarce commodity, gold prices have declined to $1,645 as of Sept. 23,
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