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ValuCollector I think you missed the point of what TikoMike was trying to say. What you are saying is technically true that if you own assets even if the currency debases/collapses the price/currency you charge will adjust but what you are missing is that a hyperinflation drags down the whole economy (and wipes out the middle class).Hypothetically if you bought into a chain of restaurants in Venezuela 10 years ago how do you think you would be doing today? How many people in Venezuela actually have money for non-essential purchases like restaurant dining?Productive assets perform are good when the economy is doing okay. If the economy is collapsing (including hyper-inflationary collapse) most productive assets will not be performing well. In a collapsing economy gold will tend to do better than productive assets.
ValuCollector I think you missed the point of what TikoMike was trying to say. What you are saying is technically true that if you own assets even if the currency debases/collapses the price/currency you charge will adjust but what you are missing is that a hyperinflation drags down the whole economy (and wipes out the middle class).
Hypothetically if you bought into a chain of restaurants in Venezuela 10 years ago how do you think you would be doing today? How many people in Venezuela actually have money for non-essential purchases like restaurant dining?
Productive assets perform are good when the economy is doing okay. If the economy is collapsing (including hyper-inflationary collapse) most productive assets will not be performing well. In a collapsing economy gold will tend to do better than productive assets.
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