Another question for you or anyone else on these boards who knows a bit about history and economics: what happens to real estate value in times of Argentina-like hyperinflation?
Ive heard on the news that the sale of firearms is skyrocketing. I know that’s true here in FL where we have concealed right-to-carry laws. It’s said this is mostly from fear of Obama destroying the Second Amendment, which I don’t doubt he’ll try to do. In regard to real estate values in times of hyper-inflation, I’m no expert but I’ve heard they suffer like every other commodity; and the real value of gold is that it always maintains a solid value INTERNATIONALLY and isn’t subject to local economic fluctuations. In other words, you can “bank” on it in the worst of times, unlike anything else.