To avoid hyperinflation wrecking your cash, don't own cash. Own things. There are more things than gold. I have been breaking my own rule now for 5 years, holding cash [mostly due to IRD enquiry that might have required me to hand it over, lately as I might have been spending it on something which might not be needed, and now because of inertia].
One can buy shares, land, houses, cars, bicycles, canned food, but best of all, create your own currency, which I am now doing = the Qi. I have a prototype in my shed and it seems happy enough.
Own things which remain valuable in the event of economic collapse. That means luxury holiday resorts which people fly to on their credit cards with debt piled on debt are probably not a great idea.
Of course, during the actual hyperinflation, gold is best because it's an alternative means of exchange, whereas land is. But buying gold BEFORE the hyperinflation is like moving up the mountain to wait for the rapture. One can wait a longggg time. Then get bored, come on down. Then the Rapture arrives. If one thinks the hyperinflation is already looming over the horizon, then sure, grab the gold and head for the hills. But the little boy who cries wolf gets tiring after a decade.
Mqurice |
