Post
Topic
Board Economics
Re: How Do You Store Value to Offset Inflation?
by
uswa56
on 29/06/2024, 07:14:17 UTC
Regardless of the option a person may choose to do this, this is something that must be done, after all if you take a look at what the rich do, you will see the majority of them have their fortunes in assets which protect them from inflation naturally and hold very little cash, so when there is an economic crisis they are barely affected by it, while those that have nothing are not that affected either, so it is the middle class the one that suffers the most, as they are the ones that keep their fiat money on their bank accounts and lose the most because of inflation.
Certainly someone will choose to protect their assets from inflation either in the form of real assets or other things they invest in and of course they will still protect their assets from inflation and as you said it is very true that most rich people only keep a little cash that they hold and don't will have a big impact on them and for some people who save a lot of money in banks, of course they will really feel the impact of inflation because the money they hold will not decrease, but the value of that money will be different from before inflation occurred and we must be able to follow the example. What do rich people do by turning the money they have into assets so that they are not affected by inflation.