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?
Well, gambling is never the answer. We have all heard of desperate attempts that ended in success... but the fact is, no matter how much you have, if you gamble and lose, you will have nothing.
There are better ways to keep your wealth from inflation, but it's tricky for people who live on a daily basis... You mentioned two countries, but this scenario happened in many countries. Imagine that you have some money and today you can buy newspapers, bread, eggs, and bacon with that amount... tomorrow you can't even buy a newspaper with the same amount. Even if you want to gamble, we are talking about pennies... how much do we need to risk with those pennies to win a significant amount? Almost "Mission Impossible"... I said almost, because one in "who knows how many people" wins.