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<p>[QUOTE="doug444, post: 1941026, member: 38849"]Thanks for an insight into the IRA question. Keep in mind that with large denominations, the only buyer(s) are likely to be very wealthy individuals and/or brokers; they will know it's a buyers' market and are likely to skin you accordingly. You won't be buying any week's worth of food, ammo, or gasoline with 50 Peso coins, as no one can make "change," or, they <i>won't</i> make change because it reduces their liquidity.</p><p><br /></p><p>My often-expressed analogy is this: Today you can buy a quality loaf of bread for one silver dime. Hyperinflation comes, and bread goes to $4 per loaf. But a silver dime still buys a loaf of bread. </p><p><br /></p><p>Remember the statistic I posted in another thread; three consecutive years of 26% inflation DOUBLES the price level: 1 x 1.26 x 1.26 x 1.26 = 2.000[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1941026, member: 38849"]Thanks for an insight into the IRA question. Keep in mind that with large denominations, the only buyer(s) are likely to be very wealthy individuals and/or brokers; they will know it's a buyers' market and are likely to skin you accordingly. You won't be buying any week's worth of food, ammo, or gasoline with 50 Peso coins, as no one can make "change," or, they [I]won't[/I] make change because it reduces their liquidity. My often-expressed analogy is this: Today you can buy a quality loaf of bread for one silver dime. Hyperinflation comes, and bread goes to $4 per loaf. But a silver dime still buys a loaf of bread. Remember the statistic I posted in another thread; three consecutive years of 26% inflation DOUBLES the price level: 1 x 1.26 x 1.26 x 1.26 = 2.000[/QUOTE]
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