It’s only people like me and you Jake that hold our wealth in cash, the extremely wealthy hold property, stocks, gold & other precious metals, jewellery, art & antiques, land etc.
In the Zimbabwean inflation, when a loaf of bread cost Z$550,000,000 the rich, the political elite and the wealthy were given plenty of warning to move their cash assets to US$ UK£ Swiss Francs Euros and other more stable currencies.
Thus they were able to buy up assets from desperate farmers and business people for far less than the real worth because people had seen savings and deposits held in Zimbabwean currency made worthless. But non — cash assets held their value in stable currencies and nobody was accepting Z$ except the people who had no alternative. The same has happened in other countries where there has been hyper — inflation and is happening right now in Venezuela.

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Opted for comfortable retirement before I was fifty due to health problems and burn out. Now spend my time writing and goofing around. Home: northern England..

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