The argument about inflation really depends on what you have to do with the money besides putting it into investments, and what other investment options out there.
It is still consensus that the bond rate + inflation risk is understood much better than any other asset I can think of. I'm talking about the financial term 'risk' here, not the colloquial one that you are using. In financial terms, you can have a loss without any risk and still be happy about the position afterwards...
The only true and safe way to stay ahead with the rampant inflation of the money supply is: become a government contractor and get your hands on the money first before it's effects appear in the system.
It is still consensus that the bond rate + inflation risk is understood much better than any other asset I can think of. I'm talking about the financial term 'risk' here, not the colloquial one that you are using. In financial terms, you can have a loss without any risk and still be happy about the position afterwards...