RE:RE:RE:RE:RE:RE:Ride onYep. In an inflationary environment--and we are approaching hyper-inflation in the US right now--people have to flee the currency. Safe havens are usually metals and durable goods. Used care prices are skyrocketing, now often more than new cars of the same model because the new cars are on back order. Appliances are a 4-5 month wait. Lumber is through the roof.
No one wants to be in cash in this situation. I have more than I like, but that is because my holdings are so narrow. Metals, durable goods, real estate, even crypto. Yes the market is really really high, but there is a reason. Everything else is going higher.