Actually if expecting hyperinflation , one could buy useful things,, and holding debt is a good idea because your credit will have higher purchasing power today than it will have in tomorrows inflated values.. not to mention paying the debt back in inflated dollars.. or not paying it back at all..i.e free stuff.. Sure if you buy a chainsaw and you make 20 an hour.. the saw costs 400 bucks.. 20 hours of income.. then a year from now you are making 100 an hour.. 4 hours labor to repay and the saw is in fine shape.. Paying off yesterdays debts with tomorrows inflated dollars.. I would say buy usefuil things.. clothes.. tools.. ,, ON CREDIT!! or cash.. Things you know you will need.. things that help you make money,, or feed yourself.. My buddy is a prepper.. he has several 20 day food buckets.. survivalist foods.. yea, I buy useful things with my money and credit.. and then I take care of my property.. I have tools that I bought some 35 - 40 years ago.. just as useful today asd they were back then.. and well taken care of.. see,, and much more valuable in todays dollars than when I purchased them. My buddy has comic books that have gone up 100% purchase value yearly for 40 years.. 5 dollar purchase price 40 years ago and 200 dollar value today.. but comic books can't cut a board.. or drive a nail.. cant paint your house.. or change your spark plugs.. or mow your lawn.. I have tools for everything.. plumbing, electrical. carpentry, painting, drywall.. stuff you know you will need.. toilet paper even.. you know you will need that go ahead and stock up in todays prices if you expect high inflation..
I have a water well. it has an electric pump on it.. I have a generator.. I could go ahead and buy another pump.. they do not last forever.. and a gold coin will not be pumping water when I need it.. I know I will need an electric water p[ump in the future.. A pitcher pump does not require electricity and is a great survivalist tool... but, perhaps I will never use it.. taken care of it could last in storage for decades. I believe I will always have a better way to pump water than by hand.. and not to mention with my mechanical skills could end up pumping it with a bicycle system.. by pedal..
These homes I work in get tub skirts made from cabinetry grade materials.. I installed some finish base around a tub skirt.,, used my hand saw.. I use it often.. I like to finish inside cuts with it..
I have assorted putty knives.. one I use for cutting nails to disassemble things.. It's sturdy.. and as it is used to cut thin nails through a tight joint.. is specific use.. although I use it to pop open my lacquer thinner container as well..
I do not loan out tools.. and I clean my tools off usually.. I have a full craftsman socket set, plus wrenches, plus screw drivers, allen wrenches, vise grips, channel locks.. I dont borrow tools either. I have always bought anything i need and then make it a life long investment.. I can hold tools in my hand that I remember buying 40 years ago,.. before my son was born even.. .
My friend has comic books.. Eugene has coins.. I will say this,, my friends truck blew up. toast.. his parents are dead and hes out of money.,. he sold a few stacks of comic books and bought himself a nice Dodge dakota with the hard top for the bed.. king cab.. I wondered where he got the money.. he said he sold some comic books..
One thing that changed when I moved away from home as a kid.. no more plastic plates or glasses.. I like heavy glass glasses.., china and quality flatware.. When was a kid at my grandmothers she always had real nice china.. even for cold cereal.. hell ya.. ;)
About my friend buying a truck with old comic books.. if you look at what he paid for them back in the '80's say we are ta;lking 40 comic books, x 100 avearage. thats 4,000 bucks.. so look at what he paid.. 5$ x 40 is 200 bucks.. 200 out of pocket in 1982 , 1983,, is a 4,000 dollar truck today.. Comic books are a good investm,ent.. ;)
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QUALITY OF LIFE.. live well.. do things for your children..
Actually if expecting hyperinflation , one could buy useful things,, and holding debt is a good idea because your credit will have higher purchasing power today than it will have in tomorrows inflated values.. not to mention paying the debt back in inflated dollars.. or not paying it back at all..i.e free stuff.. Sure if you buy a chainsaw and you make 20 an hour.. the saw costs 400 bucks.. 20 hours of income.. then a year from now you are making 100 an hour.. 4 hours labor to repay and the saw is in fine shape.. Paying off yesterdays debts with tomorrows inflated dollars.. I would say buy usefuil things.. clothes.. tools.. ,, ON CREDIT!! or cash.. Things you know you will need.. things that help you make money,, or feed yourself.. My buddy is a prepper.. he has several 20 day food buckets.. survivalist foods.. yea, I buy useful things with my money and credit.. and then I take care of my property.. I have tools that I bought some 35 - 40 years ago.. just as useful today asd they were back then.. and well taken care of.. see,, and much more valuable in todays dollars than when I purchased them. My buddy has comic books that have gone up 100% purchase value yearly for 40 years.. 5 dollar purchase price 40 years ago and 200 dollar value today.. but comic books can't cut a board.. or drive a nail.. cant paint your house.. or change your spark plugs.. or mow your lawn..
I have tools for everything.. plumbing, electrical. carpentry, painting, drywall.. stuff you know you will need.. toilet paper even.. you know you will need that go ahead and stock up in todays prices if you expect high inflation..