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<blockquote data-quote="PlunkettsGhost" data-source="post: 136396" data-attributes="member: 198"><p>Yes and no. If the currency seriously devalues against metals, I can cash out into said currency and pay off a mortgage or car loan in the devalued notes. An obvious advantage to hedging against fiat currencies. You can still buy stuff, but inflation/devaluation means you can leverage the diverging values of paper vs metals to your advantage. If things get really bad, people might be happy to have a few ounces of silver for their labor, instead of worthless paper notes.</p><p></p><p>There is a chap on YouTube who describe his experience during the Yugoslav war period. He said people held onto their metals, didn't use them as barter material, but rather waited for the situation to calm down, and then they went in and bought up cheap land and property, as a result of the economic instability, with their now more valuable metals relative to the currency.</p></blockquote><p></p>
[QUOTE="PlunkettsGhost, post: 136396, member: 198"] Yes and no. If the currency seriously devalues against metals, I can cash out into said currency and pay off a mortgage or car loan in the devalued notes. An obvious advantage to hedging against fiat currencies. You can still buy stuff, but inflation/devaluation means you can leverage the diverging values of paper vs metals to your advantage. If things get really bad, people might be happy to have a few ounces of silver for their labor, instead of worthless paper notes. There is a chap on YouTube who describe his experience during the Yugoslav war period. He said people held onto their metals, didn't use them as barter material, but rather waited for the situation to calm down, and then they went in and bought up cheap land and property, as a result of the economic instability, with their now more valuable metals relative to the currency. [/QUOTE]
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