Hyperinflation Explained Simply | What Is Hyperinflation, What Causes It, & What You Can Do
What is hyperinflation? That’s a question on a lot of people’s minds as news reports of inflation concerns have become standard. It’s normal for the average prices of consumer goods such as food and transportation to rise steadily over time without anyone really noticing. #Hyperinflation is an extreme version of that resulting in significant damage to an economy.
Hyperinflation history is rife with examples of collapsing economies where the value of the country’s currency completely diminished. Venezuela, Zimbabwe, Greece, and pre-WW2 Germany are some famous examples that illustrate the horrors of a worthless currency. Naturally, this scary potential leads many to ask “What causes hyperinflation?”
Economies are intricate systems with countless moving parts, making it difficult to pinpoint the exact causes of #inflation. However, a common trigger is when countries continuously rack up debt while printing money excessively at the same time. Sounds eerily familiar right? That’s why more and more people are growing concerned about the possibility of hyperinflation in the US.
How to protect against Hyperinflation:
During periods of heightened inflation, people look for ways to protect their money to escape the devaluation of the currency. Precious metals are a popular investment alternative, but many people wonder “Could hyperinflation cause gold and silver confiscation?” After all, the US government already greatly limited the hoarding of precious metals in the past.
( Learn more about Gold Confiscation here: https://www.sbcgold.com/gold-confisca... )
The best way to protect yourself, your family, and your savings against hyperinflation is to get ahead of it. And that foresight requires some learning. To help people just like you better understand and identify hyperinflation, Scottsdale Bullion & Coin created this in-depth video covering various aspects of this economic phenomenon.
You’ll learn the difference between hyperinflation and inflation, what causes hyperinflation, and how investing in #gold and #silver can help you protect your savings from devaluation.
