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<p>[QUOTE="Blaubart, post: 2903133, member: 37498"]Here's another question for all the nay sayers here:</p><p><br /></p><p>How much would your USD investments (bank account, brokerage account, IRA, etc.) be worth in the event of 30,000% inflation? As in what now costs $3, would cost $900, i.e. a gallon of gas. Or what now costs $50, would cost $15,000, i.e. a decent coat. Or, heaven forbid you need a crappy vehicle, which today runs $1,000, could cost $300,000.</p><p><br /></p><p>Assuming everything outside the US is OK, and there is confidence that everything will return to normal in the US, you could pay $300,000 for a car, or perhaps an ounce of gold. Maybe two ounces of gold, tops. Because that ounce of gold can be exchanged for Euro, or whatever other currency isn't affected.</p><p><br /></p><p>These exact things have happened in many other countries, including using PM to buy/barter necessities. Why do people in the US think it can never happen here, or if it did, that it will signify the end of the world and PM would be worthless?</p><p><br /></p><p>Footnote: Before anyone gets to making assumptions about me, no, I'm not a "prepper". No, I'm not hoping for any such event to happen. No, I don't have all my eggs in one basket, my PM stack isn't even 5% of my overall investments. I essentially have enough PM to make life a little easier on me and my family in the event the value of the USD crashes. No, I don't expect my PM to protect me from anything, including zombies, nuclear missiles, or aliens.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 2903133, member: 37498"]Here's another question for all the nay sayers here: How much would your USD investments (bank account, brokerage account, IRA, etc.) be worth in the event of 30,000% inflation? As in what now costs $3, would cost $900, i.e. a gallon of gas. Or what now costs $50, would cost $15,000, i.e. a decent coat. Or, heaven forbid you need a crappy vehicle, which today runs $1,000, could cost $300,000. Assuming everything outside the US is OK, and there is confidence that everything will return to normal in the US, you could pay $300,000 for a car, or perhaps an ounce of gold. Maybe two ounces of gold, tops. Because that ounce of gold can be exchanged for Euro, or whatever other currency isn't affected. These exact things have happened in many other countries, including using PM to buy/barter necessities. Why do people in the US think it can never happen here, or if it did, that it will signify the end of the world and PM would be worthless? Footnote: Before anyone gets to making assumptions about me, no, I'm not a "prepper". No, I'm not hoping for any such event to happen. No, I don't have all my eggs in one basket, my PM stack isn't even 5% of my overall investments. I essentially have enough PM to make life a little easier on me and my family in the event the value of the USD crashes. No, I don't expect my PM to protect me from anything, including zombies, nuclear missiles, or aliens.[/QUOTE]
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