In the September 2012 draft of his book chapter entitled ««Real» Assets», Andrew Ang examines the behaviors of the following assets commonly thought to hold their value
during times of high inflation («real» assets): inflation - linked bonds, commodities, real estate and U.S. Treasury bills (T - bill).
Judging from the S&P 500, you face a slight risk that your buying power would temporarily drop up by 10 %
in times of high inflation.
The 1960s and early 1970s were
times of high inflation and poor investment returns.
Because during
times of high inflation, you will have a larger than normal income stream funded by underlying rents that can be increased to keep up with inflation.