What's the rush to pay off debt? If money is becoming hyper-inflated why not wait and pay your debt (which is a fixed amount) off with ultra cheap dollars later. Buy gold or silver now while your dollars still have some traction.
1. Paying off debt has a guaranteed rate of return of the interest rate of the return. Nothing else out there has a truly guaranteed rate of return, or even a return.
2. Paying off debt now will free up income later in times of high inflation, because that income will be available. It isn’t as if 200% inflation will immediately show up in your pay check as fast as it does in the store.
3. If we get high inflation, unemployment will probably go up too. If you have paid off your debt, then you don’t have the risk of having your life repossessed due to lack of income.
4. My grocery store doesn’t accept silver coins, unless they are mainstream denominations (dimes, quarters). Gold isn’t much use, unless you’re buying a whole cow or making soldering wire.