Source: ETF.com . November 20, 2025 Warranties & Disclaimer There are no warranties implied. Past performance is not indicative of future results. Information presented herein is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. The returns in this report are based on data from f

Source ChampC I read an article that bonds are having a “good year” as the AGG index is up 7% year to date (as of Nov. 11, 2025). That’s great, but the reality is investors lost nearly 50% of that to inflation, according to government statistics ( CPI Report ). And if you incorporate “real world inflation,” I estimate that investors could have lost significantly more of their total return to inflation. Investors, we have argued for the past 5+ years, should own tangible asset