Hyperinflation and
massive currency devaluations, which could occur, would invalidate the above «status quo» model and suggest that silver prices could reach four digits and higher.
Massive currency devaluation isn't the only systemic characteristic of many African economies, and a large percentage of their population is either underbanked or unbanked.
Not exact matches
To do so would either create
massive hyperinflation (
devaluation) of our current fiat
currency,
massive swings (politically rather than market driven) in the price of the metal, or create such a high conversion rate as to be nearly meaningless.
In terms of capital controls, bail - ins, expropriations, and
massive devaluation of the
currencies.
I said Chavez repatriated Venezuela's gold a few years ago because he knew they were going to devalue their
currency at a rapid pace; that he was preparing the country for his round of
massive devaluation.
But in 2015, Argentines elected president Mauricio Macri that floated the
currency, resulting in a
massive devaluation.