Re:Ask HN: what to do if you have only cash?
by Tichy on Friday December 26, 2008 @03:06AM
(#410050)
Germany, but we don't have a German currency anymore. It is all Euro, and while I don't know enough details, I have heard that the way the Euro is constructed is not exactly bulletproof.
Inflation seems pretty likely to me, giving governments across the world are busy dishing out sweet deals to struggling industries. And governments get their money by printing it (if all else fails). Also Iceland comes to mind.
Of course I hope that nothing really bad will happen, but the truth is, I have no idea how severe the current crisis is. A lot of people are worried about hyperinflation, for example, but what are the odds? 1%? 0,001%, 10%?
Also, even without the crisis I think it has always been a good idea to diversify one's assets.
Inflation seems pretty likely to me, giving governments across the world are busy dishing out sweet deals to struggling industries. And governments get their money by printing it (if all else fails). Also Iceland comes to mind.
Of course I hope that nothing really bad will happen, but the truth is, I have no idea how severe the current crisis is. A lot of people are worried about hyperinflation, for example, but what are the odds? 1%? 0,001%, 10%?
Also, even without the crisis I think it has always been a good idea to diversify one's assets.