April 6th, 2009 
Elisheva Wiriaatmadja
As the Zimbabwean dollar grew weaker and weaker every day, gold has become the preferable currency. Zimbabwe has been trying to lift the burden of their desparate cash shortage by introducing greater bank notes almost every month for a few years now. The Zimbabwean dollar has inflated away to almost nothing. The latest bank note that the government introduced this year was as huge as $10o trillion! For a loaf of bread, it cost $25 million back in January 2009. Now, as their currency has almost no value, everybody prefers to be paid using gold.
Everybody now in Zimbabwe has to pan for tiny fragments of gold in the rivers. To survive, Zimbabweans have to find at least 0.3 gold every day. Parents pan for children and young people pan for the elderly. Panning for gold is now the way they are surviving. No panning, no life.
This kind of news may sadden you now but I wonder if the world’s currency becomes more and more valueless and inflation goes completely crazy, we may come to a point where the world leaders would decide to finally establish the eternal dream of some group of people, the one world, one currency system – using gold. Is Zimbabwe only a foreshadow of what may happen in the future, should the global economy not bounce back?
Maybe it is time for the world to prepare for such a time and start panning for gold…
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This immediately reminded me of what my Bible says: ‘ I heard what sounded like a voice from among the four living creatures, saying, “A quart of wheat for a day’s pay or three quarts of barley for a day’s pay. But do not damage the olive oil and the wine.” ‘ Revelation 6:6
Exactly!
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[...] There is a great chance that the US dollar will become as worthless as the Zimbabwean dollar. In April 2009 the Zimbabwean dollar was officially declared dead and Zimbabweans were forced to transact with gold. Prepare yourself for hyperinflation! It will be [...]
[...] According to data reported last Friday, Zimbabwe’s annual inflation rate just accelerated 3.5 percent year-on-year in March, from -0.7 percent the previous month. Food prices has been rising continuously for a few years now and back in January 2009 a loaf of bread already cost $25 billion Zimbabwean dollars. That is how bad the hyperinflation has destroyed their currency. Because the Zimbabwean dollar is losing its value, at one point in 2009 gold became the preferable currency. In order to buy a loaf of bread, Zimbabweans have to pan at least 0.3 grams of gold everyday. [...]