Hello @crypto.piotr,
How would you prepare yourself?
I would diversify my portfolio into precious metals (gold and silver), buy a house, buy some cryptocurrency, start a farm, and investing low cap healthcare stocks.
What would you do then? If you were living 5 years earlier and you could anticipate future events?
I would have brought the hell out of bitcoin at under $10 and sold at the the price of $17,500 by this time last year.
For the other question, you are right hyperinflation resets debt as the borrower ends up paying less in terms of real interest rate however dealing with mortgages, most mortgage contracts in my country usually have some clause that allows for a reevaluation of the contract in the occurrence of an event like hyperinflation.
Thank you for (as usual) amazing reply @straighttalk
Why would you consider buying gold? And not focusing only on silver? Isn't silver easier to manage? (hope my question isnt to silly).
seriously? could you tell me why? I love to hear more! :)
Cheers
Piotr
Happy New Year @crypto.piotr , Your questions are more than welcome!
Well I would consider buying gold because gold has always & continue to do the real accounting in the economy when ever a flat currency collapse. A case in point would be the 2008 global financial crises. The price of gold jumped from $650 to $1,800 and currently sitting at $1,280.
Silver on the other hand haven't done well looking at historical data but I would still invest in it because she's been suppressed for so long and likely to explode anytime soon.
Why invest low cap healthcare stocks?
Hahaha... Yeah! I knew you were going to ask this one!
I would invest in low cap healthcare stocks because of the going legalization of cannabis across the health sector globally. If a financial crisis (hyperinflation) should occur in the future, this sector will sure do well on all sides of the market from my analysis. (Note: This is not a financial advice.)
Dear @straighttalk
I love your positive energy buddy :)
I'm still not sure how cannabis can have any effect on that sector. Im glad for your explanation but somehow Im not capable of connecting the "dots" :(
Cheers
Piotr