Everything is volatile compared to something.

Volatility ranking (highest to lowest):

1. Bitcoin

2. Small currencies (emerging markets)

3. Stocks

4. Bonds

5. Gold

6. Real estate

7. Large currencies (USD, EUR, JPY)

The only question is: what are you comparing it to?

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Compared to exchange rate with a Big Mac

$282k - U.S. Median Home Price in May 2020

$417k - U.S. Median Home Price May 2024

48% more expensive over 4 years.

That's volatile. Too risky to save for a home in this currency.

That's the question