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by vishnugupta
1857 days ago
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I could think of two options based on what I’ve read 1. Hold a more stable currency, maybe GBP or JPY. It also means you need earn your salary in those same currencies. Move your other assets like equity etc to the same currency. I don’t think anything can be done about the pension account, unfortunately. 2. Switch to other forms to store value, preferably liquid, such as gold. Assume the hyperinflation will last for 2-3 years and calculate the gold you need to buy. Though the chances of USD hyper inflation in our lifetime (next 40-50 years) are vanishingly low based on what I have read. USD is still by far the most powerful currency, to an extent that last March there was a global flight to the refuge of USD triggering insane scenarios like negative oil prices and equities tanking. The next generation, however will have to be prepared for a bipolar currency, USD and CNY. |
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