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originally posted by: Krazysh0t
a reply to: borntowatch
The point is that in economies that have gone bottom up, the paper becomes worthless because of hyperinflation. Those few thousand dollars will mean nothing when the cost of an apple is $1,000,000,000.
originally posted by: borntowatch
originally posted by: Krazysh0t
a reply to: borntowatch
The point is that in economies that have gone bottom up, the paper becomes worthless because of hyperinflation. Those few thousand dollars will mean nothing when the cost of an apple is $1,000,000,000.
Yes maybe in Greece, maybe
I just dont know
originally posted by: Painterz
Doesn't matter. If the banks collapse, what exactly are you going to buy with your notes or gold or silver?
The shops will be emptied. Cash/gold/silver will be irrelevant.
originally posted by: butcherguy
I will stock up on nonperishable food items and ammunition.
Our cash will be worth next to nothing when the insane inflation happens.
originally posted by: butcherguy
I will stock up on nonperishable food items and ammunition.
Our cash will be worth next to nothing when the insane inflation happens.
originally posted by: JUhrman
originally posted by: butcherguy
I will stock up on nonperishable food items and ammunition.
Our cash will be worth next to nothing when the insane inflation happens.
And you plan to do this when? When a collapse happens and everyone else does the same?
a quantity of something accumulated, as for future use: a stock of provisions.
originally posted by: JimNasium
For those who are squirreling away gold/silver, Wouldn't those "promises" be just as worthless as the cash?