I took a look at the hyperinflation article on Wikipedia yesterday and was damn surprised at the number of countries that had experience regards to it... China, Germany, Hungary, Argentina etc Bet they're preparing again now.[/quote] I live in two hyperinflations and have 40 years only. You can ask your questions In argentina coins silver and gold are sold out a few months ago (pandas, mexicanos, eagles, krugger, all) The proof silver minted By argentina are stop in sales. (all go to 100 uss aprox. Each coin). The goverment stop the sale. The gold proof coin too are stop. To buy i need go to eBay or here And here the real inflation in the last years are 30% each year) January to september 2011 more than 30%.
Can you answer some Q regarding what happens during hyperinflation and the devaluation of the peso, first hand experience is always good to hear from! 1) Does Silver work as well as Gold when bartering? And how does the valuation work, using spot US rate? 2) Are other forms of items used for trading, such as Honey, sugar or cigarettes? 3) How is property affected in all this? Thanks
Can you answer some Q regarding what happens during hyperinflation and the devaluation of the peso, first hand experience is always good to hear from! 1) Does Silver work as well as Gold when bartering? And how does the valuation work, using spot US rate? ThE pm uses us spot more Premium always. And then make a conversin to peso o trade in uss dollars Dont bartering. You sell the silver or gold (better price) and take uss dollars and use it to buy cars or expensive things. The other things in pesos. But if the payday is day one. You will make a buy of all you need day one. Because day two you buy less. In some days the price change in the morning and evening (always in pesos) is uss are stables 2) Are other forms of items used for trading, such as Honey, sugar or cigarettes? Not. But a few are difficult to adquired. (imported things) 3) How is property affected in all this? Dip in valu in uss dollars but not in pesos. (its a bargain to buy) For example one departament in downtown 40 m2 now are 80.000 to 100.000 uss. After hyper sell for 18.000 20.000 I think the uss dollar go to the path the euro and peso. The yuan, Real, australian dollar will keep better the valu (but in one moment Australia and China cant export) and the pm explode.
What that does mean is that Silver is not going back down to US$20 ever again, that anything below US$30 is meeting huge buying demand and that we are on the next leg up. Great article, thanks.
The most popular coins in Germany to invest in physical Silver are the Austrian Silver Philharmonic, American Silver Eagle, Canadian Maple Leaf and the Australian 1 kg coins. Regards & thank you for replying!
Love this question. When SHTF, medicine, medical supplies, clean water (or the means to make it), food, fuel, and firearms/ammo will be the most important commodities. Cigarettes, alcohol (booze), sugar/spices etc. to a lesser degree, but still valuble. Some believe firearms/ammo are key because you can use them to get everything else. PM's in a Mad Max scenario might not be as valuble as we might like. Sorry for the off-topic post...
The Germans are buying metals because all their hard earned Euros are being handed over to the Greeks, with the Italians keeping a close watch on how the Greeks get away from their IOUs. At least with a stack building under the staircase they will keep some of their earnings.
Another article which points out the possiblity of a Silver shortage in the coming weeks and months... Silver Shortages Growing and Premiums Rising http://www.caseyresearch.com/gsd/edition/silver-shortages-growing-and-premiums-rising
Another article with the same title only. http://colonel6.com/2011/09/30/physical-silver-shortages-growing-premiums-rising/ "The product experiencing the longest delay right now is Johnson Matthey 100 Ounce silver ingots. Buyers will have to wait for new product to be fabricated. The end of the line, as I type this in the early afternoon on September 29, is about 7 weeks delay. By the time this is published, the delay will almost certainly be longer." Another good source of info is Paul Drockton he is doing daily updates along the way to what he believes is a November USD/Euro collapse unfolding http://www.moneyteachers.org/Drockton+Finance+Update+9.30.11.htm Also Steve Quayle's site has some great articles that are intense http://www.stevequayle.com/index1.html Henry Makow's site has some good info worth a look "The fact is, there is no safe paper asset, especially ones denominated in US Dollars. When the Euro collapses, the dollar will be only a few weeks behind." http://www.henrymakow.com/endofanera.html Everyone should of read this by now surely? If not you should! http://dont-tread-on.me/the-silver-bullet-and-the-silver-shield/
"The physical silver market is very much its OWN market, one which is dominated by small silver investors and coin collectors." "Supplies have surely shriveled up, as well. Those who hold bullion as an investment, or merely part of a collection, are likely to have heard of silver's performance long before $40 per ounce. Investors who entered the market late into the buying spree surely don't see much sense in selling out now, especially with high sunk costs." http://news.silverseek.com/SilverSeek/1317326819.php
Could you provide some evidence for this drop in real estate you speak of? Overall German RE has been flat for twenty years. I would be very surprised to see any significant drops. That's for Oz and Canada. As a counter example, prices in central Berlin have been rising steadily for several years.
thanks for your real world input my friend, I read some article which said in Argentina during the hyperinflation items such as small jewellery were more valuable on the street than bars of gold and silver, is this true? If it was then you can see the value of stacking all sorts of tangible assets in your portfolio.
