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To: reaganator; spincaster
How does that work when the dollar goes bad? Do you sell your gold or silver for an increased amount of bad money?

Basically, yes. Any asset that is not printed, fiat government money will tend to hold value

Over last decade, I had to travel regularly to Argentina for business. I met a beekeeper there who keeps his savings - in honey. He harvests his crop, and keeps it in his warehouse. Because its a commodity than can be exported, its priced in US dollars and the Argentine peso was continuously inflating, he only sells some and converts it to local currency when he has an immediate expense - kids' school fees, needs repairs on truck, etc...and this is how he operates, until the new crop harvest replenishes his "wealth."

18 posted on 01/29/2024 7:05:27 AM PST by PGR88
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To: PGR88

Exactly, and the honey solution is actually way better than Gold or Silver because it has an intrinsic value to everyone. Gold and Silver requires a bit more of a civil structure to have a sustainable value.


20 posted on 01/29/2024 7:08:33 AM PST by Skwor
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To: PGR88

In the 1970’s I knew a family that had huge amounts of household items in the garage. Inflation was pretty steep at the time. The dad was a union plumber, wife was stay-at-home mom. One child in college.
Lots of dish soap, bar soap, laundry detergent. Can’t remember what else.
But look at it this way: People will always need toilet paper. (A year’s supply for one person will take up a few cubic feet.)


50 posted on 01/29/2024 8:15:51 AM PST by Honest Nigerian
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