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<p>[QUOTE=&quot;doug444, post: 1937868, member: 38849&quot;]We have never had classic hyperinflation in this country.&nbsp; Due to expansion of the money supply by many trillions of dollars, we <b>will</b>, and all silver and gold will become a commodity, valued by weight and by a convenience factor.&nbsp; Silver and gold will be the only real money; no one will really want to hold continuously-depreciating paper money over the long term as a store of value.&nbsp; That&#039;s why I buy junk silver -- not to trade like stocks, but to preserve the purchasing power of the assets I already have.&nbsp; I&#039;m not selling off my good coins to buy precious metals, because I enjoy the hobby, but I do sell off as much &quot;stuff&quot; as possible, in anticipation that PM&#039;s might give my heirs a better life.&nbsp; It&#039;s the best gift I can give them.&nbsp; They are wonderful people, but clueless.</p><p><br /></p><p>Where do they live, someone might wonder?&nbsp; In a State of Denial...<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie101" alt=":woot:" unselectable="on" unselectable="on" /></p><p><br /></p><p>=====</p><p>Here&#039;s an easy number to remember = 26%, like 26 letters in the alphabet.&nbsp; Three years of 26% inflation exactly DOUBLES the price level, $1 to $2.[/QUOTE]</p><p><br /></p>

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