Well before the onset of hyperinflation and the public's concomitant rush to purchase consumer goods, such as food and basic survival items, in an attempt to beat the falling value of fiat currency, one would be well advised to have transferred one's investments from liquid assets based upon fiat currency to hard assets grounded upon the store of value.
Hard assets can typically be gold, silver, oil, farmland, food commodities, other precious metals, real estate, and jewelry. Such assets have as their common denominator the ability to store value, which, during times of hyperinflation, would increase dramatically as the value of fiat currency plummets. One can see that as more and more fiat currency is printed with the ultimate objective of inflating away the national debt, the value of fiat currency is quickly eroded away during hyperinflation only to be absorbed by hard assets whereby their value is consequently greatly increased.
Hence the capacity to store value which is enjoyed by hard assets under circumstances of hyperinflation effectively protects the value of one's liquid assets as it is transferred to hard assets. It is this wealth transfer which is extremely important to be effectively harnessed before hyperinflation sets in so that there exists an effective investment mechanism to siphon away the value of liquid assets into hard assets in one's possession, ideally well out of the banking system. Here one must remember that the banking system may be prone to bank runs, bank holidays, and confiscation of a certain percentage of the bank's creditors' liquid assets (such as recently happened in Cyprus).
In closing, it is only to be expected that as inflation increases and the public becomes more aware of the wealth transfer from liquid to hard assets, hard assets will increase in demand and attract higher prices for their acquisition. It is therefore stressed that the purchase of hard assets be undertaken as soon as possible before such rapidly increasing prices occur, possibly rendering such assets beyond one's reach. A good time to make one's move in buying hard assets would be now when inflation rates are still manageable.