I Spent $20,000 On Steaks Last Night…

Have you ever decided you were going to cook at home and it ended up costing you more than if you’d just gone out to a restaurant?

That happened to me the other night.

My plan to grill-up a juicy steak quickly spiraled out of control and became steaks with fresh, artisan pasta and ice cream cake for dessert.

And I ultimately left the supermarket 20,000 Argentine Pesos lighter.

Or, about $20 USD.

No big deal. But here’s the fascinating part.

23 years ago, 20,000 Argentine Pesos was not worth $20 USD.

20,000 Argentine Pesos was worth $20,000 USD.

What’s now “Steaks and ice cream money” was once “New car money” or “Rolex watch money.” And the Argentinian economy eroded so fast that $20,000 turned into $20 in just over two decades.

How To Avoid Losing 99% Of Your Money

Alternative assets are huge in Argentina. And that’s because these have retained and gained value over time.

Here’s a quick example.

In downtown Buenos Aires I saw a penthouse apartment listed for $3 million USD. 23 years ago, 3 million pesos and 3 million dollars were equal. But today, 3 million pesos is worth a…