Sept. 1, 2023
We can lose millions every year!
Inflation has set another record, Forbes reports. According to Hungary's Central Statistical Office, inflation in January was 25.7%!!
For a long time—almost years—we have heard nothing but that our money is deteriorating. This means we can afford less and less from our earnings and our standard of living declines even if our income rises slightly.
The latest record does not only make everyday life harder; it also affects our savings. At this level of inflation, we can lose hundreds of thousands or even several million forints a year.
We will not notice money disappearing from our account, because it does not. The problem is that rising prices mean what we saved buys less and less. Humanity has used gold to preserve value for thousands of years, and scientific research shows that it preserves the value of money over the long term.
The sooner your money is held in a value-preserving form, the less it costs you, because you lose every day.
Own gold!