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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
 Posted - 08/07/2009 : 17:14:36
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quote:
Originally posted by AGgressive Metal
Exit strategy is not the right word - I think it will be more like "pay as you go": when you need to buy some groceries, you take some PMs to the coin dealer or whoever and get fiat, then immediately spend the fiat for food/bills/etc before it loses value. When you need more food/bill payment/etc, repeat. Slowly exit as you need cash post-hyper-inflation. Hopefully enough people will catch on in your area and a PM barter market will develop (just imagine an existing flea market, but you can pay with silver), but I wouldn't count on it.
Exactly.  Your PM's should be for preserving your buying power.
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Exit Strategy
