Loading ...There was cheap gasoline available in the garage parking level under the office building , payable in old silver 100 BF coins . This was before the introduction of the Euro . I kept one of those coins and a corresponding 100 BF fiat bill .
After the Euro became legal tender , folks had to turn in their fiat for the new Euros , or after a certain date , the old fiat bills would have zero value .
I would show people the coin and the bill and tell them the coin would always have value whereas the bill now was worthless.
I have a good friend who has thousands in US dollars in cash .
Try as I might to convince him that physical PM’s are safer going forward , his experience with a certain nationally known coin dealer’s inflated ‘numismatic’ coin prices tells him that cash is safer – while he complains that food and restaurant prices are inflating out of control .
Inflation is just another name for dollar devaluation !