Over the past several months, the term “hyperinflation” has been making its way into news reports and the everyday interactions we all have with friends and family.
The truth is that hyperinflation has happened before and will happen again. Only Argentina, Zimbabwe, and Germany have ever had hyperinflation that was so bad that it completely destroyed their economies.
Sadly, it appears like we are going in the same direction, so we might not have much time to stock up before prices soar.
Before hyperinflation hits, stock up on these nine things.
Fuel
Fuel costs appear to be increasing quickly on their own, outside of inflation. Hyperinflation is one of the justifications used by oil firms to raise the price of all fuels.
While keeping large amounts of fuel on hand may not always be possible, keeping a few jerry cans on hand is usually a smart move.
Related: Get Ready! Inflation Is About To Explode
To extend the life of the fuel, always remember to stabilize it before storing it.
I rotate my small fuel storage by emptying the next jerry can into my truck’s gas tank and filling it with fresh gas. Choosing the day when the price is the cheapest is the challenging part.
Paper Products
COVID taught us that the most unexpected things would disappear from store shelves due to panic buying.
I never imagined that paper towels and toilet paper would become such in-demand items that they could almost have been used as money.
Remember what we saw during COVID, and always have enough paper towels and toilet paper on hand.
Dry Goods And Canned Food
All of us need to eat, and while the majority of us have food on hand, we still need to refill our supplies when we rotate out the older stuff.
Stock up while the price is still reasonably cheap because hyperinflation will drive up the cost of many of these items.
Several extra canned or dry foods are frequently purchased by preppers on each shopping trip. It would probably be a good idea to adopt this habit now if you haven’t already.
There are no signs that the soaring cost of food will ever come down. If you have been falling behind on food storage, now is the time to think about rectifying that.
Seeds
Growing your own food is the best defense against rising food prices, but you can’t accomplish that unless you have some premium heirloom seeds for your garden.
In case the inflation we are seeing spirals out of control into a full-scale economic catastrophe, now is the time to think about buying seeds.
Seeds are another excellent barter item that will benefit others far more than many of the goods we typically reserve for barter.
Seeds are another excellent barter item that will benefit others far more than many of the goods we typically reserve for barter.
Alcohol And Tobacco
Tobacco should be kept in reserve for bartering purposes rather than for personal consumption.
Anyone who wishes to be ready for a possible economic collapse must quit any addictions or bad habits they may have to substances like alcohol or tobacco.
Even the habit of consuming caffeine is something we should work to break. The best way to barter with folks who are in need of their vice is to always have a carton of cigarettes and a few bottles of alcohol on hand.
Additionally, those who are going through alcohol withdrawal may find that these withdrawals become life-threatening. Having some alcohol on hand can help keep these people under control until supply networks are restored after the crisis.
Ammo
The costs that consumers are required to pay for ammunition are, I believe it is safe to say, nearly illegal. The price of ammunition will soar when hyperinflation occurs.
The issue with ammunition is that it is a resource that must be used in order to practice the safe and efficient use of firearms.
It is a good idea to start reloading your ammunition and to stock up on reloading materials if you have the resources to do so. Whether you buy your ammo or reload, now is the time to stock up.
Medical Supplies
If you don’t have decent insurance, the price of taking regular medication to manage chronic conditions will only increase as inflation spirals out of control.
A three- to six-month supply of any prescription medications you need should be kept on hand.
Purchase plenty of over-the-counter medications as well. Recently, the availability of over-the-counter children’s pain relievers has pretty much disappeared in my country. This was caused by problems with the supply chain, but during periods of extreme inflation, the cost of these medications would be unaffordable for many people.
Meat
All of us have noticed rising food store prices. Meat prices are not an exception.
To avoid this, buy meat in bulk when prices are low and vacuum seal it for freezer storage. To keep it fresh for an extended amount of time, you can also prepare pemmican or jerky.
If you are a hunter, try to fill the freezer as much as you can by taking advantage of all the options your area offers.
Silver and Gold
Gold and silver have enormous advantages during hyperinflation. Since the dawn of time, humankind has valued these precious metals. Precious metals such as gold, silver, and others are resistant to the collapse of fiat currencies since they are not linked to them.
Stocking up on gold coins can help protect against inflation. But silver is better for the small transactions we would do every day if inflation got out of hand and caused the economy to fall apart.
Silver was trading at about $20 USD at the time this essay was written, while gold was around $1750 USD. If you tried to buy a few groceries with a gold coin, it would be too pricey; in contrast, a silver coin would be more reasonable.
We have no control over hyperinflation. We can speed up our preparation to reduce the impact. Make adjustments to your life now to make what will likely happen in the future more tolerable.