Although the most violent months of inflation increases in the developed world seem to be behind us, there are still countries where the rising costs of essential goods are threatening the local economies and people. Moreover, many economists are predicting higher inflation rates in the upcoming months coming back to the US and other nations, especially with winter approaching us.

With the declining purchasing power of (almost) all fiat currencies, one may wonder what they can do to preserve at least some of their wealth. Well, there are numerous investment assets that can do that, according to ChatGPT.

Traditional Safe Havens

When it comes down to traditional investment assets that can serve as a hedge against inflation, the word ‘gold’ tends to pop up. As such, it’s no surprise that the popular AI chatbot placed the precious metal at the first spot of the eight investment asset classes that can protect people against galloping inflation.

“Gold has been used for centuries as a store of value and a hedge against inflation. It tends to retain its value over time, and its price often rises when inflation is high.”

Shortly after the yellow metal, ChatGPT placed real estate. It justified its reasoning by saying, “As the cost of living increases, so do rents, potentially providing a steady stream of income.”

Next on the traditional list of safe havens, the chatbot placed US government bonds. Most specifically, it outlined – Treasury Inflation-Protected Securities (TIPS) – which are “designed to protect against inflation. They adjust with changes in the Consumer Price Index (CPI) and provide a guaranteed return above inflation.”

The last on this particular list was a bit less traditional – stocks. Now, this asset class is a lot more volatile and riskier than the ones mentioned above. However, ChatGPT believes stocks can be a proper long-term investment against inflation since “companies often have the ability to increase prices to keep up with inflation, and their profits can grow in nominal terms.”

Not So Traditional Assets

The rest of ChatGPT’s alternatives could be classified under the “dark horse” category since they are not as expected as the ones from above.

Firstly, it highlighted a broader category of commodities. Some of them are to be expected – such as other precious metals like silv