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<p>[QUOTE=&quot;Stephan77, post: 2256516, member: 74244&quot;]&lt;&lt;&lt; 100% They/Countries are not/can not/will not erase any of the Debts. This is not a options. Hyper inflation at best in modern times is a crap shoot I would not bet on it. Inflation Yes - Hyper Inflation No. &gt;&gt;&gt;</p><p><br /></p><p>A country rampantly printing money is the exact same thing as erasing debt. The country is paying off old debt of past greater value, equally with printed money of lesser value. Of course the country loses its credit and financial standing with other countries as it occurs.</p><p><br /></p><p>To take it a step further, what the general public doesn&#039;t comprehend is that rampantly printing money is the exact same thing as a tax increase on the workers of society. If the general public ever fully understands this, there would be unprecedented anger towards today&#039;s leaders who irresponsibly print money.</p><p><br /></p><p>Back to PM&#039;s. For the reasons I stated previously, I don&#039;t believe that precious metals are a good hedge against inflation in today&#039;s world. I don&#039;t think that precious metals will keep up with rises in inflation. PM&#039;s in theory might be a hedge if there was a major catastrophe, natural or man made such as a major war, but if it goes nuclear and electricity is gone for the foreseeable future, paper money would be worthless, and that gold and silver isn&#039;t going to be worth much. A gold coin wouldn&#039;t buy you a book of matches. A gold bar wouldn&#039;t buy you a manually generated radio.</p><p><br /></p><p>Overall though presuming we don&#039;t blow ourselves up, I think it&#039;s better to buy good blue chip type stocks. But the public still doesn&#039;t fully comprehend what is going on in the stock market either. &quot;Everyone&quot; thinks the stock market is hitting all time highs. Yes, dollar amount wise it is, but including inflation and devalued money in the mix, the stock market in reality is not even close to its all time high as far as purchasing power and value of the money.[/QUOTE]</p><p><br /></p>

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