Academic

WELL, IF IT IS, I?M GOING TO WISH I?D LISTENED TO GLENN BECK AND BOUGHT A LOT OF GOLD: America: Po?

By Glenn Reynolds

WELL, IF IT IS, I’M GOING TO WISH I’D LISTENED TO GLENN BECK AND BOUGHT A LOT OF GOLD: America: Poised For A Hyperinflationary Event?

UPDATE: Reader David Good writes:

You’re going to wish you had some food storage first before you wish you had gold. In Weimar Germany there were people in the cities that starved because they had no food. Sure you can buy food with gold, but gold denominations (even the 1/10 oz American Gold Eagle) are not practical for buying groceries or a sack of potatoes. Jus’ sayin’.

Well, you can always hoard nickels. But yeah, in a hyperinflationary environment you want a stock of necessities, and then a stock of wealth that will still be good when it settles out, as it generally does when it’s not externally supported.

Full post as published by Instapundit.com on February 10, 2011 (boomark / email).