Quote from: Minecache on Today at 05:29:11 AM

Quote from: erep on July 16, 2023, 11:31:47 PM

Quote from: Pamadar on July 16, 2023, 10:59:34 PM

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

During the Covid pandemic, many people did not have emergency funds for their necessities of life and they hoped for financial assistance from the government to help their finances, due to the poor food conditions and high inflation that occurred in several countries.

So this condition is a warning for us to save funds for emergency purposes, I suggest that savings be kept in gold investments to provide price stability and avoid inflation, gold investments are easy to sell again whenever we need them for emergency purposes, we must have a savings fund 40 % of the total funds to maximize financial management, also to prevent selling our assets.

I completely agree with your suggestion, although gold is an investment asset, it is well suited as a place to store savings because of its stability.
Fiat currencies depreciate very quickly, we should not hold them for a long time. But be sure only to use gold for savings, never use a volatile asset like bitcoin for storage. Many people think that putting money into bitcoin to save, but that is a big mistake because, as we have seen, its short-term volatility. Bitcoin is only suitable as an investment, it is not suitable for use as a store of value, such as savings or an emergency fund.

How can it be that the crypto market, whose movements are very volatile, makes Bitcoin a place for storage or for saving, that is clearly the wrong decision,
if for a place to save then the priority is with low risk,
what is clear is saving money on Bitcoin will make you lose.

waONE

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