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 Exit Strategy		  Forum Locked
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Bluegill
1000+ Penny Miser Member



USA
1964 Posts
Posted - 08/07/2009 :  17:14:36  Show Profile Send Bluegill a Private Message
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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jonflyfish
Penny Hoarding Member



USA
693 Posts
Posted - 08/07/2009 :  19:42:07  Show Profile  Send jonflyfish a Yahoo! Message Send jonflyfish a Private Message
Thought about this some more. Actually do have an exit strategy- swap silver for real estate when silver/home price ratio hits a new historic level. Won't take much silver to buy a home. So, a lot of silver will buy a few nice pads incl the mountain and beach houses to boot!
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.
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Kiwiman
Penny Pincher Member



225 Posts
Posted - 05/27/2010 :  14:52:30  Show Profile Send Kiwiman a Private Message
Haha!
quote:
Originally posted by theo

I read somewhere that a roll of toilet paper costs 150,000 Zimbabwean dollars (its probably much more by now). I was thinking that they could solve that problem by making their currency softer and more absorbent.

Just trying to be helpful.
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El Dee
Penny Hoarding Member



USA
547 Posts
Posted - 05/27/2010 :  15:16:29  Show Profile Send El Dee a Private Message
Wow! A nine-month bump.
Trust the government? Ask an Indian.
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specialbob
Penny Sorter Member



USA
56 Posts
Posted - 05/27/2010 :  23:24:33  Show Profile Send specialbob a Private Message
biglouddrunk... "This is why we are on the brick of pennies going up a lot because as the world comes out of the recession the stock market will go up like we have seen it do in the past few months."

The world is going to get out of this recession (depression)? Is this before the Dead Cat Bounce that we are building up to? A Dead Cat Bounce happened in 1932 and I believe either '38 or 39. Same thing with the recession in the mid-1950s. Same thing in Japan in the late 80s - early 90s that has caused their "Lost Decade(s)" which is really turning into a "Lost Generation". Of course, these bounces happened on a much smaller scale and not as GLOBAL as what is about to transpire.

Copper is nothing more than the poor man's hedge against inflation. Keep sorting!
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