Post
Topic
Board Economics
Re: Inflation is a creeping beast
by
sayaya17
on 10/10/2022, 10:35:18 UTC
Inflation is a problem that we will not be able to avoid if we still use a centralized financial system, people will think that by saving as much money as possible it will be successful, but if there is inflation then the value of the money drops drastically.

It is true that we are definitely affected by inflation and we must find solutions to deal with it. because after all we use fiat for our daily transactions.
So it is very difficult to avoid inflation, and don't think saving money in the bank or any bank product can solve the inflation problem. The value of
our money will indeed continue to decline and the interest rate for saving in the bank is very low, unable to overcome the impact of inflation.
The only way we have to collect assets that are not affected by inflation, for now I am investing in gold and crypto, it has proven to be able  to
overcome inflation. But to be able to buy gold and crypto of course we must have a large income, therefore I can't just rely on money from my main job
to deal with inflation. In the last few months I've been looking for as many side jobs as possible, because the more sources of income we have,
we can have large amounts of extra money, we can use it to buy assets such as gold and crypto that are not affected by inflation.