What can I do to protect myself against Hyper-Inflation? (union, credit card, borrow)

[mathjak107]

Originally Posted by Wile E. Coyote

My life is completely simplified based on the fact that I only have another 10-20 years to live.

I was watching Jeff Gundlach and he sold US stocks and bought European stocks (as a hedge to the falling value of the US dollar) which seems like an interesting strategy. He said so far it is not not working; but, he's not sure how well it is working.

I would think RE going to be the best hedge. Because it's real and has value to your life regardless of what the market value is (to me this is low risk regardless of prices). I would only worry about RE prices on investment rental property. But, that's just me

Gundlach has been wrong the last few years far more then he has been correct ….

You can bet if our stocks here falter from rising rates and inflation Europe will tumble as well

[jetgraphics]

A man with a year's supply of food will outlive a man with a year's supply of money.
A man with two years supply of food is king, when hyperinflation wipes out the trade value of currency.

[mathjak107]

The reason we have currency is because most foods won’t last a year …a farmer can trade his milk to a baker for a currency and not have to take bread now that will be moldy by the time he needs it so bartering only works to a point

[jetgraphics]

Originally Posted by mathjak107

The reason we have currency is because most foods won’t last a year …a farmer can trade his milk to a baker for a currency and not have to take bread now that will be moldy by the time he needs it so bartering only works to a point

Oh bee-have.
Long term storage of foods (without refrigeration!) has been part of civilization from time immemorial.

American Indians made pemmican (80% fat / 20% protein), or jerked meat.
Dairy herders fermented milk and cream to make cheese, yogurt, sour cream, kefir, buttermilk, etc.
Wheat berries could be ground into flour and baked into hard tack... the forerunner of all crackers.
Dried noodles can last and last.
The venerable fruit cake was also designed for long storage.
Fruits and vegetables could be dried (and canned).
Salt fermented cabbage, cucumbers, peppers and other vegetables.
Meat could be smoked, corned, brined, made into sausages, etc.
Peruvians could also freeze - dry foods, for their larder.
Nixtamalization for dried maize (corn)
***(Improves Niacin content, and aids in mineral absorption, and prevents pellagra)
Potatoes, and other root vegetables can survive long periods, if kept in a cool, dark place ("root cellar").
Fruits and berries could be made into preserves (as the name implies - to preserve them).
There are some "exotic" methods involving buried food, like kimchi, that generate odors we won't discuss in polite company...LOL.
-----------------

__ Pemmican - Pemmican: The Original MRE
During the Second Boer War (1899–1902), British troops were given an iron ration made of four ounces of pemmican and four ounces of chocolate and sugar. The pemmican would keep in perfect condition for decades.

[mathjak107]

Sure , even the cavemen stored food or found ways , but eventually that is why currency and gold became stores of value for bartering.

Just so people had a non perishable medium for exchanging their goods for the goods of others

[gwynedd1]

Originally Posted by mathjak107

Sure , even the cavemen stored food or found ways , but eventually that is why currency and gold became stores of value for bartering.

Just so people had a non perishable medium for exchanging their goods for the goods of others

You are still missing other elements like divisibility and concentration. Aluminum is not perishable , but in transactions over a stick of gum , would be a bit bulky. That would also be the main problem with food, not because its perishable.. Food really is not inherently perishable . Only in some of its forms.

[mathjak107]

It was only an example of why some form of currency will always be needed ..I could have used giving a doctor food but not being sick or needing treatment at the moment as my example

[Wile E. Coyote]

Walking around with a gold bar and shaving off little pieces is not going to happen.

[gwynedd1]

Originally Posted by mathjak107

It was only an example of why some form of currency will always be needed ..I could have used giving a doctor food but not being sick or needing treatment at the moment as my example

Nobody is prefect. it was just pointed out that there was a logical fallacy for the augment of what makes a good currency,


Its a few things. Something perishable could be used as a trading medium , and likely has been. For example tickets to the Superbowl are quite perishable , but a very liquid asset. Good as cash until the game really. Need to be liquid and fungible. Would be a bad savings instrument. Never a great role for a currency.

[EDS_]

Originally Posted by Wile E. Coyote

Walking around with a gold bar and shaving off little pieces is not going to happen.

That's why EOTWAWKI types prefer junk silver and items for barter.