Quote from: freedomgo on August 04, 2025, 07:20:19 AM

I'm pretty sure most of you know how inflation affects a country and its people, but imagine if it reaches the level of hyperinflation. Take Venezuela for example, which got hit hard by hyperinflation with over 200% yearly inflation, making it one of the countries with the highest rates globally.

Normally, we gamble just for fun, but in a place like that, gambling might actually be a way of survival. The odds of turning a small amount into something bigger could seem more appealing compared to just holding onto their money while its value keeps dropping every day.

In a way, while it goes against the usual belief that gambling isn’t an investment, in countries with hyperinflation, it might look like a potential hedge against losing purchasing power.

So I’m curious, do we have anyone here from such countries, like Venezuela or Argentina? How do you see this possibility? Would you consider gambling an escape from inflation, or does it only make the situation worse in the long run?

In the country where I come from, there is also very high inflation, but no one there considers such a logical fallacy as gambling in order to save your money from simple depreciation due to short-sighted government policies.

Everyone uses the absolutely logical method of converting their money into dollars and holding it until they need it for some purchase, so you are tied to the dollar exchange rate (which is even a bit of an investment) and get out of the situation with the local currency.