Hyperinflation

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Zimbabwe Central Bank Trying to Do What Didn’t Work in the U.S.: Back Currency With Gold

A better question might be, can Zimbabwe learn from the U.S. failed attempt to back currency with gold and just as important, can U.S. citizens learn from the Zimbabwe crisis?

21Aug2009 | Doug Digger Eberhardt | View Comments | Continued
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How Gold Would Be Used In Hyperinflation

Gold, during the time of a hyperinflation scenario, unlike paper money, would be “perceived” as having value as it has for centuries. The U.S. dollar however, wouldn’t have any perceived value under this scenario. So a better question to answer would be, what would you use as a medium of exchange sans gold since no one will want U.S. dollars?

19Aug2009 | Doug Digger Eberhardt | View Comments | Continued