Even if finance isn’t your your forte, chances are you might have heard about Greece’s current financial situation. The country is close to bankruptcy and as it stands, it seems that there is a very good chance that country could be ejected from the euro currency system. What does this mean? It means that the money held in the banks could soon be worth a lot less than what they are worth now.So much so that according to reports, Greeks are rushing out in a frenzy to get their hands on as many Apple products as they can afford at the moment. Now this seems odd that in a financial crisis that people would be spending their money instead of saving it, but it turns out that they have a good reason simply because Apple’s Mac computers are relatively good at holding their value.
This means that if things were to turn out badly for the country, Greeks would at least have Mac computers to trade with. They could resell those computers for whatever currency they might end up using (maybe they could return to the drachma), versus holding onto the euros they have in their banks which like we said, could end up being worth a lot less than before.
According to one electronics retailer in Greece who spoke to Bloomberg, “People are spending the money they have in the bank because otherwise they’re afraid they won’t get it out. A Mac is something that keeps its value.”