Hyperinflation

[Never Scored]

Buy gold too, the price is less volatile although will still hit record lows and you'll still be able to make off it. It seems to be doing better than leaving your money in the bank right now and long term will of course do better.

Gold has performed incredibly poorly as a hedge against inflation over the last 40 years and it's been prone to wild swings. It's worth less now that it was in 1980 despite the cumulative rate of inflation being over 250%. If you put an ounce of gold in a safe in 1980 or put $2,500 in cash in a safe in 1980, you'd literally be in the same position today.

 

[mindlessobserver]

Gold has performed incredibly poorly as a hedge against inflation over the last 40 years and it's been prone to wild swings. It's worth less now that it was in 1980 despite the cumulative rate of inflation being over 250%. If you put an ounce of gold in a safe in 1980 or put $2,500 in cash in a safe in 1980, you'd literally be in the same position today.

PM's are good to pad out your list of assets. I certainly wouldn't put everything into it, but they are useful if only as a hedge against black swan events that come out of left field. I am sure a well to do German Family buying some Gold in 1910 could not have foreseen where it would end up after 20 years. But they would have certainly been glad to have it.

 

[BanquetMegaBowl]

Hyper inflation is the reason im now 3.99$ on the shelf in your local frozen food isle instead of 2.50$

 

[Dog-O-Tron 5000v5.0]

Hyper inflation is the reason im now 3.99$ on the shelf in your local frozen food isle instead of 2.50$

Also sodium content is now only 250% of daily dose.

 

[Ukraine is Big Gay]

Panic

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"Jim Cramer says"

So inflation is going to hit zimbabwae levels got it.

 

[Never Scored]

The US is in for a little pain over the next few years but will be fine in the long run. There is a reason the Euro is crashing and the US Dollar isn't.

Countries like Canada, Australia & Russia will be fine in the long run too, tbh.

What we're witnessing is a breakdown of global supply side economics, but any country with enough landmass to produce most things it needs within its borders if need be will ride it out better than small landlocked Euro countries. Shit's going to get a lot more expensive because cheap overseas labour is drying up and there are sanctions with Russia, but you're not going to go to the grocery store in countries that produce a surplus of food like the countries I listed and not be able to buy something to eat.*

*People will point at the Soviet Union as an example of this happening in Russia, but that was because farms were collectivized and the actual farmers were shot, not because the country was not capable of producing more than enough food,