10-03-2012, 10:05 AM
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I'd rather be on my boat.
Industry Role:
Join Date: May 2003
Location: Miami, FL
Posts: 9,743
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Quote:
Originally Posted by greg80
You don't understand how a hyperinflation looks like. I went through one it wasn't bloody and people didn't riot. Money looses value, for example an ounce of gold is 1800 today and a can of tuna is $5. In case of hyperinflation gold would be $5400 and tuna would be $15. You can always sell some gold for the inflated currency and buy stuff. If you keep all your savings in money you will loose a lot, while gold stores the value.
That is until some new currency or order comes. Than you can simply change your gold into that.
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This.... ^^^
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