Serious question: I want to move to China as soon as they open their borders. At what point does this rapid inflation make it logical for me to buy
and hold yuan? Have the yuan and other currencies been devastated by inflation like the USD? Or is it actually smart to own foreign currency now?
This is a real question, not a high concept Iraqi dinar bit
US Dollar hegemony is on the way out but it will take a few decades. I don't think it's wise just yet because there will almost certainly be wild currency wars between now and then. Invest at your own risk.
Serious question: I want to move to China as soon as they open their borders. At what point does this rapid inflation make it logical for me to buy and hold yuan? Have the yuan and other currencies been devastated by inflation like the USD? Or is it actually smart to own foreign currency now?
This is a real question, not a high concept Iraqi dinar bit
US Dollar hegemony is on the way out but it will take a few decades. I don't think it's wise just yet because there will almost certainly be wild currency wars between now and then. Invest at your own risk.
damn, I can't believe they banned this guy :|