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@hugo7
^^ but by that same token nothing has any 'real' value.
Also other than drug dealers I doubt many people have a large amount of savings in cash. Your average middle class saver will have a mix of pension, ISA, and the equity in their house. Those with higher incomes will probably have a similar set up but with a portfolio and some sexy/fun higher risk investments.
Anyway more to the point when was the last time the currency of a large wealthy developed state became worth nothing over night?