It's all lies. Your 2020-21 income was 50% less than the preceeding year.
Just takes time for that loss to filter down
That was the actual inflation rate
For a person making $50,000 a year that's the same as getting a $32.87 pay cut every month. In other words your pay is equal to:
You could be increasing the value of your money 12 fold on average over the last two years with crypto.
Now that it is mainstream crypto is being rigged to fail
Silver ends the Fed
It's much.much faster than that.
It been basically 50% in six months.
My crypto and stocks have been gaining 30% of their value every 30 days.
What stocks?
Ford - up 26%
AMD - up 35%
Microsoft - up 14%
Tesla - was up 52% and I dumped it before it started tanking, still up 27%
Rest is split between crypto stocks: coinbase, hut 8, bitfarms, and marathon digital. Wishing I got in on those sooner. But they do seem a lot riskier.
You probably shouldn't take any advice from me though. I'm moron when it comes to investing. I just like it when lines go up.
What’s the best way to protect the value of my money?
Bitcoin
Too volatile
Compared to fiat that only loses value?
When the volatility is 6 fold in one direction than the other classifying it as general volatility isn't quite accurate.
Have some of that. Was wondering if there’s anything better.
Thanks.
Well if you own without debt the most basic things you will need for enternity then they are better than owning something meant to buy things you will need later.
So what do you need?
A place to live..shelter. Energy..electricity or more likely heat. A source of water. A source of protein and oils and carbs.
So a piece of land with low taxes and no HOA or mandatory utility hookup fees. Solar panels. Now cheaper and provide power forever. A way to convert that power to heat. Glow plugs in water tanks.
An atmospheric condenser or condensation pond or tower or steam or well.
Chickens, goats, fish farm, worms, sheep or hunting land(takes too much to support many families so must farm.)
If you have all those you are protected from inflation because the primary things whose costs will rise are already provided for.
If you have all those
There's no silver bullet to maintaining buying power.
Real Estate is pretty good conservative option.
It's a difficult call. In general you want to be invested in real things as opposed to paper/digital assets. However, that certainly does not apply in all cases. It's not only Bitcoin that has done well. There are also some stocks that are up 300% or more on the pandemic.
I dumped my city property at the peak of the pandemic and headed out to the sticks. Apparently, so did a few million other white folks. Since I arrived here, my quasi rural property has again doubled in value in 16 months, while the urban market has turned down somewhat, finally.
You have to look at basic principles. When the cost of food is going crazy, then what is the investment return on a well stocked pantry? Especially if you stockpile extra when it is on sale? It may not be a big part of your annual portfolio, but annual food expense is a real expense every year. If you can average 30% cheaper than the average market price, then how is that any different from a 30% return on a bond of equivalent value to your grocery expenditure?
Try finding bonds that yield 30% these days.
Then look at those grocery coupons through new eyes.
As a rule, anything real tends to hold it's long term purchasing power in terms of trading value over time. For example, how many business suits to buy a lazy boy recliner? The physical prices of land and goods may inflate, or deflate, but everything tends to stay relative to supply and demand in terms of comparative pricing.
So, if you have actual savings, the bank is the last place to keep it. Invest it in art or tradeable commodities, collectables, or preferably income producing lands. If the system collapses, then for a while we are in a barter scenario until a new currency emerges.
It's nice to have something to trade when that happens.
Land. Yourself. Older vital items that have already depreciated. Old cars. Tractors etc
Has anyone calculated the value of the dollar since 1913? Last time I checked, it had gone down 97%. I'm guessing it's below 99% by now.
buys land
"psych! Fiat doesn't cover taxes anymore!"
land confiscated.
Thats whats going to happen to anyone who has bought land.
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