We're currently holding an excessive amount of cash. I'm looking for alternative places to park this which remain moderately liquid (accessible within a year), hedge against inflation better than fiat (lol), dont carry significant transaction costs (e.g. shoving kilos of precious metals in the basement is going to cost at least 1% buying AND selling), and isnt exposing us to excessive interest rate risk (I fully expect interest rates on sovereign debt to go to the fricking moon due to inflation and tank the values of current comically low interest bonds). Any suggestions? This would not be an investment, just hedging inflation due to an excessive amount of cash.