Debt will be a win only if you own something that maintains it's purchasing power while the dollar collapses. For example, if you own a house and owe $100K on a fixed rate mortgage, and if the dollar hyperinflates so that it takes $10K to buy a loaf of bread, yes, the $100K is very cheap. But if you don't make any money because the busin…
Debt will be a win only if you own something that maintains it's purchasing power while the dollar collapses. For example, if you own a house and owe $100K on a fixed rate mortgage, and if the dollar hyperinflates so that it takes $10K to buy a loaf of bread, yes, the $100K is very cheap. But if you don't make any money because the business you work for went out of business, you still can't pay the $100k off. In this scenario however, the value of gold would probably maintain all of it's purchasing power. In other words, an ounce of gold that costs $2k now, could be worth $200k if the currency hyperinflates.
Debt will be a win only if you own something that maintains it's purchasing power while the dollar collapses. For example, if you own a house and owe $100K on a fixed rate mortgage, and if the dollar hyperinflates so that it takes $10K to buy a loaf of bread, yes, the $100K is very cheap. But if you don't make any money because the business you work for went out of business, you still can't pay the $100k off. In this scenario however, the value of gold would probably maintain all of it's purchasing power. In other words, an ounce of gold that costs $2k now, could be worth $200k if the currency hyperinflates.