Right, you just have to make sure to put your savings in a different currency that is not inflating. Otherwise, at the same time that your things are coming down due to inflation eating away the value, your savings are also coming down because of that same process, which is not good.
Yes, absolutely. It is beneficial, at a personal level, to have inflation hedges like this. When one is fortunate enough to have the means, it is good to have diversified holdings that guard against inflation, and naturally, hyperinflation. Having some gold is a clasilaic strategy and it is honestly not a bad idea for hedging against inflation. It’s not a sure thing investment by any means, but you will probably be able to sell it to buy a plan ticket out of Dodge of things get bad enough.
Another good thing to participate in is the building of mutual aid networks. They constitute a network of people with various useful skills for sustaining life and community even in difficult situations. They will more effectively distribute resources in the case of emergency and can consitute and alternative form of governance if and when there is no practical alternative.
Right, you just have to make sure to put your savings in a different currency that is not inflating. Otherwise, at the same time that your things are coming down due to inflation eating away the value, your savings are also coming down because of that same process, which is not good.
Yes, absolutely. It is beneficial, at a personal level, to have inflation hedges like this. When one is fortunate enough to have the means, it is good to have diversified holdings that guard against inflation, and naturally, hyperinflation. Having some gold is a clasilaic strategy and it is honestly not a bad idea for hedging against inflation. It’s not a sure thing investment by any means, but you will probably be able to sell it to buy a plan ticket out of Dodge of things get bad enough.
Another good thing to participate in is the building of mutual aid networks. They constitute a network of people with various useful skills for sustaining life and community even in difficult situations. They will more effectively distribute resources in the case of emergency and can consitute and alternative form of governance if and when there is no practical alternative.