Will Indebted Nations Around The World Follow Venezuela Into Hyperinflation?

The risk of hyperinflation in the US, EU & UK is currently low, but what about in other parts of the world? Here’s some insight…

by Mark O’Byrne of GoldCore

Will your fiat paper or digital currency become worthless as currency wars deepen?
– Fiat currency has become worth less than toilet paper in Venezuela
– Venezuela was once one of the wealthiest countries in South America
– Currency collapse due to massive currency “printing”, digital currency creation and socialist government
– A roll of toilet paper costs 2.6m bolivars or 0.40 cents but a gold coin (1 oz) can buy over 3,000 rolls
– A chicken costs 14.6m bolivars or $2.20 but a gold coin (1 oz) can buy over 540 chickens
– Indebted nations throughout world are vulnerable and some are already seeing sharp currency depreciation – Turkey, Syria, Iran, Iraq, South Africa, Angola, Argentina, Russia
– Risk of hyperinflation in US, EU, UK etc is low in short-term but real risk of deflation and then stagflation

 

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