Woah, calm down m8. Not trying to insult ya. My original post on this was talking about how I personally would prefer gold/silver coins as a present over cash, not on how it was supposedly better to buy them during hyperinflation.
Don't pretend that the post I replied to was still about Christmas presents because you literally went on to say "On that subject, though..." and then moved on by arguing about something I never even said. You were the one who wanted to change the topic to hyperinflation and the value of precious metals.
I guess, if you really wana talk about it, here's some of the terms you're looking for. Bear with me here, I'd rather not get into a flame war over this subject. Same on your side, if you don't mind.
Economic items are literally valued goods that can be sold in the world. An apple is literally an economic item, or more commonly called an economic good, like you said.
You were saying "hyperinflation does not inflate prices of cash and gold/silver at the same rate" which makes no sense because hyperinflation DOES NOT INFLATE THE PRICE OF CASH AT ALL. What inflates is the prices of commodities. You said "it's local currency that's affected severely, not economic items." Do you mean that hyperinflation affects the value of money and not the economic item itself? Because of course hyperinflation does not at all affect, like, an apple. I was confused because I thought you meant that hyperinflation does not affect the VALUE of the apple, which is the stance I was arguing against because I didn't think you took me as an idiot. As a matter of fact, I wasn't even saying anything about that.
Lets say you're hypothetically buying someone a present and the economy is on the verge of crashing into hyperinflation. If you had to choose between giving them $50 in cash, or $50 in silver coins, I would say that the coins would be a better choice. Lets say, after the coins are given, hyperinflation occurs. Now the local currency is worth close to nothing. However, while the local currency has pretty much lost nearly all of it's value, items with a worldwide demand such as gold and silver are more safe investments. While these items can be moved from place to place, the local currency of your country is now practically worthless everywhere.
I know the effects of hyperinflation to currencies, don't be condescending. If wherever you are is on the verge of hyperinflation, then yes, the coins are better. If it's not on the verge of hyperinflation, then choosing the coins means you'll have to put effort to sell it to a pawnshop who will buy it at a discount because they will have to sell for a profit. There's also the risk that it will lose value if you hold on to it too long.
Not trying to be rude here, but the foreign exchange market often has everything to do with hyperinflation, and is very often what indirectly (or even directly) helps it occur. The economy of each nation within our world is to various extents (depending on where you live) related to global trade. Trade between places is what defines most of the products we have and use today. While this is obvious to an extent, crashes in certain trade goods, for example, oil, can affect the economy of certain areas that depend on the trade of such items. Countries that rely on oil trade for a good deal of their economy are massively affected if places they sell it or buy it from stop doing so.
I never said there was no co-dependence between countries in the world market, I never said anything against what you were saying about global trade. I was saying that foreign exchange very often does not cause hyperinflation, because hyperinflation has historically mostly been caused by an over issuance of money by the government.
https://en.wikipedia.org/wiki/Hyperinflation#Causes
Look, I understand that calling your post a joke probably came off as rude, and it was my fault for doing that, but this isn't anything to insult each other over.
My post really was a joke, but what pissed me off is you acting like I said anything contrary to what you were saying in the first place. Go look back at my post and find the part about me saying hyperinflation inflates prices of cash and gold/silver at the same rate. You will notice that I said no such thing. You'll also notice that much of things you're saying now were things I never disagreed with.
