If I buy gold/silver, and the USD is no longer the Reserve currency used to trade Gold/Silver….and the USD hyperinflates…..what happens to the buying power of Gold Silver?

My brain hurts trying to figure this out. If the silver goes way up, but in worthless USD, …but, Eh, ack…..I don’t understand how this will all play out.

I think Canada can only still “neutral” and see how things start to fall into place. Also you would be right in think that debt is going to hard to pay down in the in the short term.

If only it were easy to purchase real estate right now!

Check out the post I did a couple of days ago,
http://www.getmoneyenergy.com/2009/03/how-to-protect-your-wealth-from-hyperinflation/

I do suggest having some physical gold, as well as gold stocks (and physical silver, actually). You can also buy some of the other precious metals if you can afford it (although they will be less liquid – palladium and platinum).

You might also want to pay down your debt, although that’s a sticky issue – unless your SALARY also hyperinflates (unlikely) then you’ll still have to pay down debt with your own dollars. So it’s unclear to me what the status of personal loans and debt will be during a hyperinflation scenario. But if a new currency ratio is created, or something similar, it could make it harder to pay debt, not easier. Just my speculation.

Thanks for asking. – Yes, real assets of any kind – including land, as another commenter asked the other day.

Buying up real assets?