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Author Topic: How to survive hyperinflation?  (Read 1445 times)
CageMabok
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March 17, 2024, 10:21:52 AM
 #221

For me personally, so that my wealth is not affected by inflation, I will buy Bitcoin, most of my assets, buy gold too and buy valuable luxury watches because they are easy to carry everywhere, I will not save money in cash, we know fiat every year. If hyperinflation occurs, many of our assets are in the form of cash, then the value of our money will definitely decrease
It would be better if you replaced your luxury watch option with earth or other precious metals such as silver. Because Bitcoin and Gold have indeed become two assets that are very commonly relied on by everyone at the moment in terms of avoiding hyperinflation, but for luxury watches I think they will only be bought by people who already know watches, not by everyone because Some people still think why wear a luxury watch if a cheap watch can still show the same time as a luxury watch.

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March 17, 2024, 10:20:04 PM
 #222

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

What is your example? Many countries will never experience anything close to hyper inflation, if you compare it to the very worst examples that have happened in the past - notably Zimbabwe. It depends what your cutoff or definition of hyper inflation actually is in order to give a fair comment. Many major economies are seeing things like 10% inflation, which to them is highly unnatural but others are seeing 50%+ rises per year which is heavily damaging and destabilizing. It can also heavily depend on how much slack your economy has built in, whether your citizens are already quite poor and barely managing, or if you have a wealthy base that can weather a year or two of inflated prices - but not with the expectation they'll come back down.

R


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