Comment: wow

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wow

There are so many Austraians here :)

Do not look only at the prices. Italy was able to go for decades with thousands of lirs in a pocket while Russia could not bear inflation in 90's and had to introduce new money.

Generating more paper money will further destroy capital formation and encrease big centralized government and monopolies (gov or semi private.)

Praxeology predicts general outcome, not exact timing. Putting all your money into silver/gold, may not play out as expected (1 oz of gold and silver may have a lower "price" related to its intrinsic value compared to their potential "price" under the gold standard; and the gold standard may never come back.)