Fiat currency has an interesting side effect: it makes you increasingly creative about where to hide your wealth.
Gold in a vault. Art on a wall. Real estate. Collectibles. And apparently, even a banana taped to a wall can become valuable art.
When the currency itself can’t reliably preserve your purchasing power, you start storing wealth in almost anything except the currency.
Quite an achievement: a monetary system that makes people afraid to save in money.
Gold in a vault. Art on a wall. Real estate. Collectibles. And apparently, even a banana taped to a wall can become valuable art.
When the currency itself can’t reliably preserve your purchasing power, you start storing wealth in almost anything except the currency.
Quite an achievement: a monetary system that makes people afraid to save in money.
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