How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
Protecting our money against inflation is one of the most important challenges we face today. In many countries we have inflation rates of 7-10% for more than a year. There are a few ways how as can try and save the value of our money. Depending on the country you live in I wouldn't worry so much about bank insolvency, because our deposits are usually guarantees by the government. If you hold debt or equity of the bank I would worry more. When buying gold there are two ways to do it, physical and synthetic. If you want real gold than the bank will put it in a vault and it's also protected from a bankruptcy, but you have to pay storage fees. Much cheaper is to buy an ETC, that gives you the return of the gold price, without actually owning any. The question is if the return on your bank deposit or gold holdings is going to be enough to offset the inflation rates. In my opinion it would be better to invest in crypto currencies.
