I Have been observing the way price of things are going up right from 2013 up till this time , add to the pandemic in 2019-2020 that caused high level of inflation to the world. Things are getting more expensive everyday both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher. I'm thinking how will the world cope with inflation in 50 years coming 🤔, instead of price of things to come down a bit but it keep on rocking higher. I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.
Inflation is a core ingredient on how the current economic model is understood, after all if you take a look at how much of a product you could buy 100 years ago with a dollar and how much you need to pay for that same product now you will see that the purchasing power of the dollar has collapsed during all that time while gold has done a good job at being a store of value, however there are periods in which inflation goes out of control and that is when things get even worse, and I think we are getting close to that scenario once again repeating itself.