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<p>[QUOTE=&quot;passantgardant, post: 1142038, member: 30033&quot;]That&#039;s not necessarily true.&nbsp; When hyperinflation hits, people will start looking for alternatives and demand payment in the alternative of their choice which doesn&#039;t depreciate by 50% the following day.&nbsp; Precious metals are the absolutely best form of money known to man, so they will be the first alternative people choose.&nbsp; Other alternatives might be other fiat currencies that aren&#039;t hyperinflating yet.&nbsp; The U.S. Dollar was that alternative in many of the South American hyperinflations.&nbsp; But by rejecting the hyperinflating currency -- in this hypothetical case it&#039;s the U.S. Dollar -- then that currency loses value even faster.&nbsp; Therefore, it is in the government&#039;s interest to force people to ONLY use the official currency.&nbsp; Politicians will deride the &quot;evil speculators&quot; as being the cause of the currency&#039;s collapse and therefore pass a law that holding other forms of money, including precious metals, is illegal and that they must be exchanged immediately for dollars at a fixed rate.&nbsp; Those who don&#039;t will be deemed not only a criminal, but unpatriotic or a traitor.&nbsp; There will also be foreign exchange controls to ensure precious metals and other better currencies don&#039;t exit the country en masse.&nbsp; This will also prevent foreigners from redeeming their dollars for something of value before it&#039;s too late.</p><p><br /></p><p>To help mitigate the effects of these likelihoods, I recommend the following two actions... 1) keep physical silver in your personal possession in a bolt-down safe that is hidden and hard to find, and 2) open up an account with a foreign bullion bank and store gold allocated in your name (not a pool account), that you can retrieve later if you need to flee the country (e.g. because of martial law or social unrest).&nbsp; You want to do these things now while you still can, not wait until the crisis actually hits.&nbsp; It&#039;s cheap insurance which will help you sleep at night.[/QUOTE]</p><p><br /></p>

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