Gold in Venezuela Jumps to $200 Million - Failed Hyperinflation Hedge?



Published on Sep 15, 2018
Venezuela has seen a complete destruction of it's currency, the bolivar, in 2018 as a result of economic turmoil, socialist monetary policies, corruption, and more. As a result, gold has soared in value from $13,000 to about $200 million per ounce in 2018. Was it enough to hedge against the loss in value of the Venezuelan dollar (the bolivar)? We take an objective look at the results of having something of value (metals) verses having nothing but worthless fiat paper currency when the economy collapses.

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