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Even if your salary increases in lockstep with inflation, at 50% you'll never be able to afford anything that costs 3x salary.
by andreareina 7y ago
Even if your salary increases in lockstep with inflation, at 50% you'll never be able to afford anything that costs 3x salary.
- smabie 7y agoYou simply convert all of your money into inflation hedged products: food, stocks, real-estate, etc.
- Raidion 7y agoYou've said this a couple times, like it's an instant cure. However, basic economics of supply and demand mean you're not getting usual prices on inflation hedged goods. The guy that has inflation hedged goods is not going to want to trade them for non-inflation hedged goods, for the same reason you're trying to buy. Unless... you make it worth his while. You're going to be paying a huge risk premium that devalues your currency even more. Coupled with the innate scarcity and large capital commitments of real-estate and gold, you're not going to have a good time.