IT’s the comfortably off middle-classes who get destroyed by hyperinflation. They tend to continue trusting the institutions they have trusted all their lives, and by the time they grasp what is happening it is too late.

It may look odd to start a review of this risk with a discussion of gold.  But starting with the basics is the best way to get the hyperinflation process understood. Understanding gold as a store of value Many people ask “Why is gold valuable when it is so useless?” It’s a reasonable question and there is a reasonable answer.

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