Schiff says there will be hyper-inflation. So is borrowing money and buying gold now a good idea?
Posted February 1st, 2009 by admin 5 Comments »
OMaha999 asked:
http://www.youtube.com/watch?v=NGxC5v220HE&feature=related
http://www.youtube.com/watch?v=NGxC5v220HE&feature=related
Because if there is hyper-inflation, we will be paying the depreciated value anyway. But when there is inflation, Gold price will not go down.
Same goes for Credit Card Balances also. I can carry the balance on my card, and pay off sometime in future the depreciated value when future inflation is taken into account.
What are your thoughts?