Comments on: Why do people buy gold to prepare for hyperinflation? http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/ Wed, 08 Feb 2012 19:23:52 +0000 http://wordpress.org/?v=2.7 hourly 1 By: muncie birder http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/comment-page-1/#comment-1566 muncie birder Sun, 06 Sep 2009 01:28:54 +0000 http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/#comment-1566 I believe in your scenario that a barter system would be the more likely approach. Gold would be the ultimate currency of choice, but if it is not readily available some other substitute would have to be found. In the past pack of cigarettes have been used, chocolate bars, alcoholic beverages, copper, silver, rice, wheat. Also gold has a rather high value so it does not work well for every day exchange. If however one has a lot of assets that one wishes to protect and gold is available, gold is generally chosen as the means of conversion for those assets. Diamonds are sometimes chosen but they are very difficult to judge the true value of. They are however much more portable than gold and able to store a larger value in a smaller space. I believe in your scenario that a barter system would be the more likely approach. Gold would be the ultimate currency of choice, but if it is not readily available some other substitute would have to be found. In the past pack of cigarettes have been used, chocolate bars, alcoholic beverages, copper, silver, rice, wheat. Also gold has a rather high value so it does not work well for every day exchange. If however one has a lot of assets that one wishes to protect and gold is available, gold is generally chosen as the means of conversion for those assets. Diamonds are sometimes chosen but they are very difficult to judge the true value of. They are however much more portable than gold and able to store a larger value in a smaller space.

]]> By: Space Invader101 http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/comment-page-1/#comment-1565 Space Invader101 Fri, 04 Sep 2009 11:18:50 +0000 http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/#comment-1565 They don't. They buy it to take advantage of other gold investors who fear hyperinflation. Conversely, there is a limit to the amount of gold in existence, but cash can continue to be printed which dilutes its value. Regardless of trillions of USD being printing , Zimbabwe's economy doesn't compare to the USA or the products and services America exports to the world. They don’t. They buy it to take advantage of other gold investors who fear hyperinflation. Conversely, there is a limit to the amount of gold in existence, but cash can continue to be printed which dilutes its value.

Regardless of trillions of USD being printing , Zimbabwe’s economy doesn’t compare to the USA or the products and services America exports to the world.

]]> By: J.T. B http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/comment-page-1/#comment-1564 J.T. B Thu, 03 Sep 2009 10:40:31 +0000 http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/#comment-1564 because prices of everything go up in a hyperinflation especially gold with the value of standard issue tender plummets oh yeah technically prices don't change but the value of a dollar (yin euro) is what decreases meaning you need more to purchase something however gold is traded everywhere and its value almost never changes. because prices of everything go up in a hyperinflation especially gold with the value of standard issue tender plummets
oh yeah technically prices don’t change but the value of a dollar (yin euro) is what decreases meaning you need more to purchase something however gold is traded everywhere and its value almost never changes.

]]> By: zeuz http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/comment-page-1/#comment-1563 zeuz Tue, 01 Sep 2009 09:18:54 +0000 http://www.goldbuyingguide.com/blog/why-do-people-buy-gold-to-prepare-for-hyperinflation/#comment-1563 Hyperinflation means that commodity prices rise extremely fast. Gold is a commodity. Hyperinflation means that commodity prices rise extremely fast. Gold is a commodity.

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