Post
Topic
Board Economics
Re: How to protect from inflation?
by
DigitalFox
on 26/05/2021, 19:06:46 UTC
From that list I'm not familiar with most investments, so I can't say how good each of them is. But from my experience I think bitcoin is the best way to protect your money against inflation nowadays and one reason for that it's because it is easily reachable for anyone and you can invest small amounts of money and still have decent chances to turn it into profit on long run, while protecting your money against inflation.
Another investments demand a lot more money if you want to turn it into a considerable profit or passive income, furthermore there is also much more bureaucracy to be fullfiled. Such inconveniences only worth if the person is going to invest a lot of money. Without any doubts for the average joe bitcoin is the best option.

If you have just a little you wouldn't care about inflation. If you have more, then gold is still considered as the best investment by majority of people, especially in Asia, where it's common to buy it when you have extra cash and sell it whenever you need. Absolutely no paperwork is required. Unfortunately crypto can't take that place due to its volatility, you can only consider it as a long term investment.