A basket of currencies and value stores seems like it would be the least volatile.

JumpCrisscross 14 hours ago | parent [-]

> basket of currencies and value stores seems like it would be the least volatile

For whom? The least volatile asset relative to dollars are dollars. The moment you start building a money-market fund you have novel risks, from credit to rates and FX. (And, in the extreme, legal.)

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cj 13 hours ago | parent [-]

> For whom

For people outside of the US.

	▲	JumpCrisscross 13 hours ago \| parent [-]
		> For people outside of the US They’re better off with their own currency or an international currency (currently, Euros or dollars). Almost never a basket. (The IMF has SDRs. And various trade-weighted baskets are constructed for metric purposes. They aren’t practical instruments.)