Why Real Assets Are a Safe Haven Against Inflation

September 27, 2023

by Simon Black Sovereign Man

The first time I ever visited Zimbabwe in late 2010, the country was barely one year removed from the end of its legendary hyperinflation.

Hyperinflation in Zimbabwe had become so extreme– roughly 90 billion trillion percent (that’s not a misprint)– that the government finally capitulated in 2009 and simply abandoned the currency altogether.

And when I first landed in the capital of Harare, the infamous Zimbabwe dollar had become so worthless that many people were using it for wallpaper.

Zimbabwe had once been a vibrant, highly productive economy based on valuable mineral and agricultural exports. Even by the early 2000s, after two decades of independence under Robert Mugabe, inflation was still ‘only’ around 20%.

But inflation began to spiral out of control.