Quote from: Vinaa77 on Today at 08:39:01 PM

Quote from: odunybiz on August 29, 2022, 10:20:49 PM

👉👉always purchase all you need on time without delay to avoid rapid increase of such commodity.
👉👉Unnecessary saving should be avoided. Savings should only be made from excess income which one doesn't need at that moment.

If inflation occurs, of course, the local currency will decline against the exchange rate. This will make the price of goods higher. However, we cannot predict when inflation will occur, so buying goods that are too excessive will also not be profitable. I think if we feel that a country will have inflation, it would be better if we buy gold, and save it. Because gold is anti-inflation, and can be used when the country is in inflation. If the price of gold before inflation was $ 62/gr, then after inflation we can sell at a high price. So that we can buy other goods even though the country is in inflation.
Maybe now we can use Bitcoin as an alternative investment to overcome inflation.

If saving, I also recommend gold as saving better than saving in fiat, because gold will be more stable, the possibility of reduction is still there but not too much. We must always have a savings, otherwise our life is easy to get into trouble because life is always full of surprises.

Bitcoin should only be seen as a long-term investment, in the long run it actually works against inflation. but in the short and medium term, it is not suitable as a place of savings or a safe haven against inflation because of its high volatility. Look at the current situation, bitcoin plummeted because of the effect of inflation and Fed rate hike.