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Hyperinflation, devaluation seems like a probability... Anyone have any insight into where to keep money or what intelligent manuevers a person can take in the even shit hits the fan?

No crypto please.

Hyperinflation, devaluation seems like a probability... Anyone have any insight into where to keep money or what intelligent manuevers a person can take in the even shit hits the fan? No crypto please.

(post is archived)

[–] 2 pts

How can you reasonably expect anyone to not mention crypto? Gold and silver are supposed to be great for holding value, yet they’re falling while crypto rises.

Besides crypto, there’re assets like property, stocks, shares, etc. - all a gamble, but property is usually the best bet for holding and increasing the value of your wealth.

Then there’s offshore banking - converting your dollars to a foreign currency you have more faith in, etc.

Lastly, there’s common-sense assets that’ll be useful in emergencies: ammo, medicine, alcohol, tools.

Bonus tip: learn a skill. If you ever suffer through a crisis that leaves you without a penny to your name, you’ll still have the knowledge to pick yourself back up and earn back what you lost via your talents.

[–] 1 pt

Aside from your remarks on crypto... You hit on something which I've been thinking about for along time. Learning welding as a trade. I called my local trade school, and already working on taking classes. Thanks for the comment.

[–] 0 pt

I also wondered what happend if you have a loan in the case of a hyperinflation event... It seems as long as your fixed in everything stays the same...

Seems like a strange loophole but this sounds like something possibly to take advantage of. Anyone have insight here??

[–] 0 pt

Put 1% to 2% into physical gold and silver bullion coins, in your possession, for trade at local markets in fiat collapse.

Put some into Prep gear. Generator, tools, energy systems, and the like. Stuff that will be valuable if the hardware stores close.

Put some into land, preferably productive land that makes real product, farm fields, tree lots, whatever. Something that retains a financial trading value over time. It's the currency that will fluctuate, and possibly crash, to be replaced with a new currency. You need your value to survive the transition period, to be revalued in whatever new currency replaces the old.

Consider starting, or buying some ownership in a local small business, preferrably in the skilled trades. Electrical, plumbing, construction, something like that. They will always be supported because there is always an urgent demand for their services. Even dentistry would qualify. They provide needed essential services for the community, and no matter what happens to the larger economy, they stay in business. Even if you have to pay them in chickens.

Real goods, and real services, retain real value over time. If people can see the value, they will trade for it. It is the purchasing power of the currency that is fluctuating. Paper assets lose their purchasing power through inflation, but real goods can always be traded for something. It's the same for gold and silver.

It is possible that after a hyperinflation event the gold standard may be required to restore confidence in a new currency. Under that scenario, your 1% gold investment will increase in value quite dramatically. The global supply of gold is actually quite limited.