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ElaKiri Talk!
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<blockquote data-quote="me2cool" data-source="post: 26261446" data-attributes="member: 396331"><p>It's about protecting your current wealth as a hedge against inflation. </p><p></p><p>It's not about what people will earn after inflated economy. </p><p></p><p>If Sri Lankan economy collapses and move into a hyper inflated situation, we will see 20K or even 50K, 100K notes. An average salary, which is around 50K now, will turn into 500K. </p><p></p><p>If you have assets, then you can exchange those assets for inflated rate of cash. This is the whole point. </p><p></p><p>If we move into a hyper inflated economy, everyone is fucked. No getting out of that. But at least you will be able to sustain through for sometime, if you can carry forward your current net worth in high liquid assets. (I don't think property is the best solution)</p></blockquote><p></p>
[QUOTE="me2cool, post: 26261446, member: 396331"] It's about protecting your current wealth as a hedge against inflation. It's not about what people will earn after inflated economy. If Sri Lankan economy collapses and move into a hyper inflated situation, we will see 20K or even 50K, 100K notes. An average salary, which is around 50K now, will turn into 500K. If you have assets, then you can exchange those assets for inflated rate of cash. This is the whole point. If we move into a hyper inflated economy, everyone is fucked. No getting out of that. But at least you will be able to sustain through for sometime, if you can carry forward your current net worth in high liquid assets. (I don't think property is the best solution) [/QUOTE]
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