When we think of inflation we usually think of how much food, electricity or gasoline costs.
But there is another aspect as well: how much it costs us to buy financial assets.
Inflation is a pretty bad thing, you’re holding huge amount of money, but that money is totally useless, because things are costly in the market and before you know what’s happening you’re already done spending all the money on just a few things.
The covid-19 situation has really turned a lot of economies around the world upside down and causing them all to struggle. It has been the same way in most countries, and it’s worst in a case whereby the government is filled with leaders that doesn’t care to carry out their responsibilities to the citizens. Inflation keeps going up and the cost of things are high, and people are now looking for ways to save their value.
Inflation seems to be felt by many countries, especially during the pandemic which is getting worse and this is felt by the lower middle class whose impact is very significant because they are no longer maintaining values but looking for values to survive while the government does not seem to want to be burdened by them and hands off
The best weapon against inflation is buying solid fiat, or gold, or the best BTC, if it is BTC better because in a fully inflationary economy, it does not matter that the BTC falls in price, in the same way it will continue to be worth a lot with respect to the internal economy that the country owns.
Another way to protect against inflation is by buying material things that are later sought by people and at that time it is possible to sell more expensively, and resort to looking for extra income at all costs, starting a simple business that can give money is another way to attack the problem.
I think that running your business with products that are not prone to financial crises is most likely the best way to protect your wealth from inflation. When we come up with material things right now I guess one problem could be that markets are overheated already., wouldn't you agree? I am not necessarily talking about the housing market, but also about watches and other assets. Right now things are expensive.