Some of them, like Treasury bonds that are indexed to inflation, are being bought as a hedge against inflation.

其中一些，如与通货膨胀挂钩的国债，被购买作为对冲通货膨胀的工具。

In principle, equities are a good hedge against inflation. Business revenues should track consumer prices; and shares are claims on that revenue.

原则上，股票是一种很好的对冲通货膨胀的手段。企业收入应该遵循消费价格；股票是对该收入的索赔。

In other words, neither bonds nor stocks are short-term hedges against inflation, even if both outrun it in the long term.

换句话说， 无论是债券还是股票都不是对冲通胀的短期对冲工具，即使它们在长期内都跑赢通胀。

Not just the millions of money involved, or the value of diamonds as a hedge against inflation, or the sentimental fashions in diamonds for engagement rings and so forth.

不仅仅是涉及的数百万美元，或者钻石作为对冲通货膨胀的价值，或者用于订婚戒指的钻石的感性时尚等等。