this post was submitted on 18 Aug 2024
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Maybe don't hold your wealth in a constantly inflating fiat currency and only switch back when you need to purchase something. As an example, instead of holding everything you own in fiat currency, hold what you own in gold, or silver, and then have just a couple of months worth of your fiat expenses at any one time in fiat. That way, most of your net worth is in something that is not losing value constantly.
That isn't really a solve for people who are stealing food to eat. They don't have one month's expenses on hand.
https://www.forbes.com/advisor/investing/gold-price/