Inflation in the economy is inevitable and required, but the dollar has been inflating alarmingly fast recently, faster than in the last 40 years. In 2021, the dollar depreciated in value by 9% compared to the Euro and the British Pound, and it isn’t expected to slow down. The effects are also shown in consumer goods as well, as the energy index has risen by a noticeable 32 percent and the food index rising by 10 percent. Runaway inflation rates suggest that $1 in 2020 will be equal to $0.65 in 2030.
Keeping money saved in gold has many benefits over the inflating dollar. Gold is in higher demand, especially in times of economic strife. Gold also has a significantly higher investment return rate, at 24.6% compared to the average stock market return rate of 18.4%.
Learn more about how gold stands up against inflation and still remains the best option for saving money, even while faced with inflation.
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