Survivalist Forum banner

1 - 9 of 9 Posts

·
Banned
Joined
·
2,956 Posts
On Nov. 30, the North Korean government revalued the country's currency, the won, and imposed restrictions on the quantity of old bills that people could convert for the new ones.
-------------------

So... hoarding cash was a bad idea? Am I understanding this part correctly? (nervously fiddles my thumbs)
 

·
Registered
Joined
·
160 Posts
On Nov. 30, the North Korean government revalued the country's currency, the won, and imposed restrictions on the quantity of old bills that people could convert for the new ones.
-------------------

So... hoarding cash was a bad idea? Am I understanding this part correctly? (nervously fiddles my thumbs)
Purty much 100% you got it!
 

·
Registered
Joined
·
74 Posts
Must. Hoard. Gold. And silver too!
Silver makes more sense than gold for the simple reason of it being more liquid. One ounce of gold is worth an awful lot. It'd be like walking around with nothing but $1,000 dollar bills right now. Though cool, it's not very liquid when you need to pay for $5 for a hamburger.

Can you imagine walking around with gold and being like "do you have change for this?"
 
1 - 9 of 9 Posts
Top