How to Manage a Portfolio in an Inflationary Period?

Merritt: I think you'd have to prefer gold to Bitcoin in this state of the world. But my advice was always, don't have to be a part of your portfolio in those particular instruments whether it's Bitcoin or gold. Hold assets that are cheap at the beginning of an inflationary period. UK equities were a terrible trade in the 70s. If we're reenacting the 70s, that's unlikely to work. You know, what else was not a bad trade in the 1970s? I think it was cash,. There were very few occasions when you didn't at least break even on inflation with your cash deposits.