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Re: art35 post# 13102

Sunday, 01/23/2011 4:11:14 PM

Sunday, January 23, 2011 4:11:14 PM

Post# of 101798
Im basically saying that any type of retirement account, money market, or stock account will be devaluated to whatever the going rate of the US dollar is. So, if you have 100k in a 401k and hyperinflation hits and you now only have $10k of buying power. The same will go for a stock account.

Look at Zimbabwe. We are on track to end up like them with all of the printing of US dollars. Their inflation rate is over 1 trillion %. They were printing up 1 billion dollar bills and 100 million dollar bills as well. Their govt just kept printing nonstop. 10 Billion Zimbabwe dollars was equal to $10 US dollars.

My point is that when hyperinflation hits the US our retirement, money market, and stock accounts will reflect the going rate or buying power for the US dollar. $100k in your stock account could easily end up being $1000. This is why you buy physical gold. As the dollar continues to drop gold will offset what you lose in paper. This is why experts say we should have 25% to 30% of our total paper portfolio into gold.

Does that make sense?
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