What happens to debts during hyperinflation?
🗣️ DISCUSSION 💬
Just trying to wrap my head around hyper-inflation. If the US Dollar goes the way of the German Mark from 1923 and the USD is worthless what does that do to existing debts? If I could walk out onto the street and scoop up $500,000 from the gutter could I pay off my house? I'm sure the banks that hold the mortgages have safe guards in place to protect them. What am I not understanding?
My coins are in a box. They are anywhere between 60 and 100 years old. They have never had any special protection, so I'm not doing any special for them now.
On the other hand, brand new silver rounds are bright and shiny. If you want to keep them that way, keep them covered. Tarnishing doesn't really hurt the coins, and you can always polish them later if you want them to be shiny again. The few that I own are not enclosed in plastic and have tarnished. I probably won't be polishing them.
Awesome thanks for the extra info. I’ve been thinking I should be grabbing some metal since I realized we are going to win this fight. Hitting the stores this weekend