Quote from: AVE5 on Today at 11:10:38 PM

Quote from: Joeboy on July 18, 2025, 05:58:18 PM

In today’s world, saving money in fiat currencies is equivalent to trying to fill a basket with water. Inflation silently shave away our purchasing power. The price of things like rent, food, and even transportation keeps going up, but your saved money keeps losing value overtime. It is not just frustrating but also financially dangerous.
So how do we protect ourselves and our finances?

Some people would just feel less concerned about the economy condition just because they've acquired a lot of monies stored in their bank accounts without understanding that at inflation that huge amount of money stored in their bank accounts will be devalued over period of time. Inflation is undeniable in the nearest when stocks and commodities will increase in price overtime whereas, what a $1 could afford in a period of time can't be afford with same value instead, more values will be required.
So it's advised not to accumulate such a huge amount of values on fiats when we don't have immediate or short time plans of spending it. We can always find some worth store of values like bitcoin, real estate or any other well knowledgeable resourceful assets to store them and get hedged against inflations.

Money in banks should only be for savings to protect a person from emergencies that can happen in the future. Fiat money supply is unlimited which is also one of the reason of inflation.

While if investing on some assets like gold, bitcoin, real estate, etc. protects you from inflation if you accumulate them for long term goals. Their supply is scarce and their value will surely appreciate over time.