Inflation and protecting you wealth - page 2.

Rufsilf

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Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?

Buying bitcoin is indeed great to protect yourself from inflation. But in order to profit, we should think it carefully because bitcoin is so volatile in any way and study it well first when is the best time to buy.

Next to that is making your money work for you or have a passive income like buying stocks or invest in real state is also good to evade inflation. But I don't think that investing or buying art is part of my option.

Semar Mesem

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It is impossible for any country to control inflation according to the target, the value of money that continues to decline makes us have to be creative in finding sources of income, the presence of cryptocurrencies investment makes us get great benefits because we can get passive income so that it can reduce the burden of inflation.

Doell

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If that's the case then what I have to do is buy more goods early on whether it's tools or open services because of my expertise in air conditioning repair services or build a house ,well I can be anything in terms of service also because some people will likely continue to build properties for it
besides that I can buy gold or other stocks that are profitable with rising inflation ,bitcoin or any other crypto is my priority before anything else
I also happen to be able raise animals which is the easiest thing to do without experience too because animals will breed and can be profitable continuously
without people knowing small things will become big especially during inflation

magnum1010

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Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?

I think that the best way to defend ourselves from inflation is certainly Bitcoin, as it doesn't require to be looked after like real estate or art, and it can grow faster than any other assets you have listed. But actually I think that it is better to diversify, so my second position of fighting against inflation is stock market, as I am very familiar with this market.

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Quote from: mk4 on September 21, 2021, 09:29:53 AM

I’m personally invested in a mix of those assets, except gold and art, and kinda heavier on bitcoin(mostly because of privacy and self-sovereignty). I’d rather diversify a bit to protect myself from all sides; simply because we’re in uncharted territory economy-wise, and we can’t say for sure how bitcoin will perform in a really bad economic situation.

I feel like we have enough data to get an idea of how it would perform in a bad economic situation- poorly. Really poorly. When the stock market was crashing in March 2020 as the pandemic shutdowns were being announced, bitcoin actually fell much faster and harder than the overall market. The vast majority of bitcoin is speculation, and speculation by nature is premised on being economically comfortable enough to take the gamble. So when times are uncertain, speculative assets get absolutely hammered as people flee to safe assets.

19Nov16

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Inflation in my country is around 8% per year, this makes the necessities of life always rise so that if only relying on office salaries will certainly not be enough, to survive and overcome inflation the thing I do is invest in many places even though the value is small, at this time I invest in stocks and cryptocurrencies and I hope to make big profits one day so I can start a poultry farming business.

Sithara007

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Quote from: SquallLeonhart on September 24, 2021, 08:54:22 AM

I have been storing gold the way you mentioned for a long time now and never had a problem. My bank account allows me to buy gold digitally, basically you do not own gold but you own gold digitally on your bank account, same as money itself because I do not own my fiat currency myself, it is in the bank and if I ever want to withdraw then I can, or I could use my debit card to spend that, most money in the world is digitally moved around from one account to another, so gold is the same for my bank, just digitally there, when price of gold goes up then my gold worth goes up there too. I owned some for nearly 5 years now and I am quite happy with it.

I still prefer crypto over gold, crypto is much much better way to protect your wealth because it also goes up a ton as well while gold doesn't go up too much. However that doesn't change the fact that gold is not bad, I agree with that part.

Sounds risky for me. In Cyprus, they implemented a 85% haircut on savings bank deposits. What makes you think that in the future the governments will leave ETFs and demat accounts untouched, in case they face a cash-crunch? ETFs are easier to store and trade. But at the same time, they are very vulnerable to asset seizure. I have both ETFs and physical gold. The reason why I always keep a portion of my wealth in the form of physical assets is due to the above mentioned factor. The governments always want a cashless, digital economy. Because that makes it much more easier to steal assets from hard working people.

suryogandul

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no one is safe from inflation even if you choose from some of the points you mentioned above. everything will be affected by inflation, but the most important thing is how our mindset is to be able to cope with inflation as best we can ourselves. because only ourselves can manage our economy

fullhdpixel

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Quote from: lixer on September 22, 2021, 10:22:19 AM

Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

You have said it all, I don’t think there is anything much that I would like to add to this. Bitcoin itself is already a very good investment for anyone to make. And the good thing about Bitcoin is that the profit you are likely to make will be bigger than what you make from others, because it is volatile. Although that doesn’t mean that there are no risk involved in it, there are so many risks that are involved in buying Bitcoin, but I believe as a long term investor you will be able to regain whatever you lose and make better profits if you can hold for a long time.

Yeah, everything OP has mentioned are good, although I don’t know much about buying arts and how it works, but I have seen people sell art piece for a huge amount of money that is far more than what they invested in it.

For me, at my level I can only go with bitcoin and stocks for now. I started bitcoin in 2014 and it has been working for me. I haven’t made much from stocks, the profit is usually small, although I have invested in some that gave me over 22% return on investment, but most of the times it is around 12% or even less than that. But what I have been able to achieve with bitcoin has no limits.

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Quote from: noorman0 on September 24, 2021, 09:41:33 AM

Quote from: Ausgewielt on September 23, 2021, 08:05:49 PM

That's right but actually people who suffering because of inflation are only those who only have fixed income. For example, let's say I am a business man, when I use my money to create product and keep the money in good velocity then inflation will not cause bad effect on me even when inflation happen I can rise the price of my product so I can get higher profit. But this only happen to a small percentage of people around the world. Most of us are suffering because of inflation.

That doesn't help you avoid the bad effects of inflation. Since you need money to make your product, you have to spend more capital because the seller also increases the price of the raw materials of your product. Also, don't forget that you have to fulfill your basic needs.

You will still feel the bad effects of inflation as long as you are a consumer, unless you have reserved all your needs before inflation occurs.

I would say that this fast surging inflation affects everyone either you're a big time businessman or a minimum wage earner. And i do think that this will even continue in the following years, seeing all commodities' prices continue to surge high. So i started buying bitcoin wherein only deflation can be seen. And i'm also into storing gold just to diversify my investments so i won't feel much about the high inflation. I still plan to invest into some other outlets but i'm still on the process of earning my funds. In this way, even if high inflation continues, at least im also making myself more productive with my various investments.

noorman0

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Quote from: Ausgewielt on September 23, 2021, 08:05:49 PM

That's right but actually people who suffering because of inflation are only those who only have fixed income. For example, let's say I am a business man, when I use my money to create product and keep the money in good velocity then inflation will not cause bad effect on me even when inflation happen I can rise the price of my product so I can get higher profit. But this only happen to a small percentage of people around the world. Most of us are suffering because of inflation.

That doesn't help you avoid the bad effects of inflation. Since you need money to make your product, you have to spend more capital because the seller also increases the price of the raw materials of your product. Also, don't forget that you have to fulfill your basic needs.

You will still feel the bad effects of inflation as long as you are a consumer, unless you have reserved all your needs before inflation occurs.

Dread Pirate Roberts

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Quote from: paxmao on September 21, 2021, 08:53:30 AM

How would you defend yourself from inflation:

It depends on the amount of assets I have. but for sure I mix real estate and cryptocurrency and bitcoin and I think if the goal is to be safe from inflation the goal is to keep the value of our wealth the same as before. because so far it seems property is safe from inflation . and as a believer in bitcoin i think bitcoin will also save from inflation.

SquallLeonhart

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Quote from: mk4 on September 22, 2021, 04:15:16 AM

Quote from: Obito on September 22, 2021, 12:36:41 AM

Gold is fricking expensive to keep, most arts in the market are either expensive because it's a master piece or it's expensive because it's appraisal is overvalued because it was owned by a rich person that has a connection to the appraiser. For me though, I only have bitcoin as an investment but that will eventually becomes different because I plan to slowly diversify my investments too.

Storing gold isn't THAT bad, unless you're a billionaire and you're planning on buying dozens of gold bars then sure lol. Not to mention that reputable gold ETFs like SPDR Gold Shares(GLD) and iShares Gold Trust(IAU) have existed for a while now.

I have been storing gold the way you mentioned for a long time now and never had a problem. My bank account allows me to buy gold digitally, basically you do not own gold but you own gold digitally on your bank account, same as money itself because I do not own my fiat currency myself, it is in the bank and if I ever want to withdraw then I can, or I could use my debit card to spend that, most money in the world is digitally moved around from one account to another, so gold is the same for my bank, just digitally there, when price of gold goes up then my gold worth goes up there too. I owned some for nearly 5 years now and I am quite happy with it.

I still prefer crypto over gold, crypto is much much better way to protect your wealth because it also goes up a ton as well while gold doesn't go up too much. However that doesn't change the fact that gold is not bad, I agree with that part.

tyz

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Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?

Basically, there are many ways to protect your fortune from inflation in the long run. However, over the longest period in human history, gold has clearly proven its worth. Of course, real estate is an option, but real estate can be destroyed by natural disasters or wars, for example, or even seized by government, while this is much more difficult with precious metals. In recent years, bitcoin and cryptocurrencies have also been added to list of being a protection from inflation, but I would still be cautious here. We all assume that Bitcoin is a hedge against inflation, but long-term data is still simply lacking to prove this. That's why my tip is gold.

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Quote from: Maeve@ on September 23, 2021, 11:01:47 PM

Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?

Many people invest in gold or other value-preserving assets, especially gold. As an asset with a long history, most people choose gold as a value-preserving asset. However, the fluctuation of gold is small, so the income is low. In order to avoid the impact of inflation, You can choose these assets to invest.

Gold is no more a favourable choice of people and investment have gone significantly down these days as negative return to holders are delivered by gold.The visionary people are now aware that storing gold in bank lockers will not give them any profit similar to fiat so they are moving to some other better options for them.

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Quote from: Maeve@ on September 23, 2021, 11:01:47 PM

Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?

Many people invest in gold or other value-preserving assets, especially gold. As an asset with a long history, most people choose gold as a value-preserving asset. However, the fluctuation of gold is small, so the income is low. In order to avoid the impact of inflation, You can choose these assets to invest.

That is because people already know gold as the best investment from a long time ago.
But the era already changes and with crypto involved in people's lives, that will give them more opportunity to grow their investment asset and not just hold their asset but also have to profit from crypto.
So every investment will get the impact of inflation, but crypto will have a chance to grow higher in the future, depend on what coin we select.
I wish people out there would realize how crypto can give them a better investment besides gold to make a profit in the future.

Maeve@

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Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?

Many people invest in gold or other value-preserving assets, especially gold. As an asset with a long history, most people choose gold as a value-preserving asset. However, the fluctuation of gold is small, so the income is low. In order to avoid the impact of inflation, You can choose these assets to invest.

EewardDean

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Quote from: paxmao on September 21, 2021, 08:53:30 AM

I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.

How would you defend yourself from inflation:
- Buy bitcoin
- Buy more commodities.
- Buy REITs or real state.
- Buy stocks of listed companies.
- Buy art.
- ... any other?

Inflation is indeed a distressing problem, but the technology of cryptocurrency has given us the foundation to resist inflation. As a way to preserve value, a decentralized way can achieve these characteristics.

cabron

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Quote from: Ausgewielt on September 23, 2021, 08:05:49 PM

That's right but actually people who suffering because of inflation are only those who only have fixed income. For example, let's say I am a business man, when I use my money to create product and keep the money in good velocity then inflation will not cause bad effect on me even when inflation happen I can rise the price of my product so I can get higher profit. But this only happen to a small percentage of people around the world. Most of us are suffering because of inflation.

If you have a very high-demand product you can also try the package downsizing to make more profit, shady things that businesses do to make money.
The suggestions I find to make more sense is the real estate like a strategic lot area where a store will likely profit is installed. Such location will be of high value after this pandemic.

But I wouldn't really be putting it all there but Bitcoin is where it's good because I'm afraid war is brewing.

Ausgewielt

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That's right but actually people who suffering because of inflation are only those who only have fixed income. For example, let's say I am a business man, when I use my money to create product and keep the money in good velocity then inflation will not cause bad effect on me even when inflation happen I can rise the price of my product so I can get higher profit. But this only happen to a small percentage of people around the world. Most of us are suffering because of inflation.

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