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They absolutely save. Just not in their own currency - they'll instead rush to cash out for gold, USD, prime real estate (if they're rich), or some other less v
by 10000truths 8mo ago
They absolutely save. Just not in their own currency - they'll instead rush to cash out for gold, USD, prime real estate (if they're rich), or some other less volatile store of value, before their currency gets devalued even further.
- deepsun 8mo agoGold and USD is easily stolen, especially if stored in a bank. Prime real estate will find a new owner (e.g. the case I saw myself -- surprise, turns out the seller, even if's the government/municipality itself, did not have rights to sell you the land 15 years ago, good bye). Been there, done that.