I thought the same thing at first, however i listened to a podcast which changed my mind - if my home interest rate is at 3.2 APR and the REAL inflation rate is at 10% i would be saving 6.8%.
Look up the richest man in Germany - Hugo Stinnes. He took out MASSIVE debts on hard assets before hyperinflation set in. Paid back said debts in FULL after their \value went to crap.
I think healthy FIXED APR productive debt on assets is a great idea. Agree with everything else mentioned, skills, and hard assets. Anything is better than the dollar
I thought the same thing at first, however i listened to a podcast which changed my mind - if my home interest rate is at 3.2 APR and the REAL inflation rate is at 10% i would be saving 6.8%.
Look up the richest man in Germany - Hugo Stinnes. He took out MASSIVE debts on hard assets before hyperinflation set in. Paid back said debts in FULL after their \value went to crap.
I think healthy FIXED APR productive debt on assets is a great idea. Agree with everything else mentioned, skills, and hard assets. Anything is better than the dollar
I don't have any, was going to buy some years ago but never got around to it, that is fiat swiss francs. Actual paper currency.
As long as the notes themselves remain in print and are exchangeable, swiss francs have held up well as a currency over a long period of time.
I always envisioned having a shoebox of swiss francs. Never got there.