Hyperinflations in Venezuela: Silver and Gold to the Rescue
If we were to study the economy in Zimbabwe and Venezuela, we will come across the term hyperinflation. What is hyperinflation? Hyperinflation is a massive increase in the price of daily goods due to excessive money supply from the massive money printing conducted by the government, chasing after finite goods, diluting the purchasing power of money as a store of value and fulfilling our daily needs. Currency can be printed to oblivion due to the massive printing conducted by the scrupulous government like the German Wilmar Republic, China's Republic, Yugoslavia, Zimbabwe and recently Venezuela. However, Silver and Gold is safe and have store of value due to the limited quantity available and non-renewable supply of silver and gold in the market, making silver and gold ideal to be stored as both is able to maintain the purchasing power for goods and services produces by the citizen of a country and also tradeable worldwide. In Venezuela, the currency crisis has got so bad ...
