I live in Argentina. Here the inflation rate is one of the highest in the world, around 25% per year
So, if you put your savings in a bank, you lose money, because the interest rate is obvously less than 25%
What most people do when they want to save money is buy dollars
You also lose money that way, but experienced argentines know that once our future crisis arrives and our currency devalues, those who saved in dollars will find themselves able of buying a lot of stuff cheaply.
Unfortunately, my populist leftist gov is not letting people buy all the dollars they want, they want people to use their pesos buying stuff, and not saving them.
So, I have three options, either invest my money into some business or actions, buy dollars more expensive in the illegal market, or buy gold.
Could gold go up if Greece leaves the Euro? perhaps there will be doubts about the future of the Euro and a big flow of people and companies going to gold for safety?
You can also use this thread to discuss the future of the Euro and the EU, I allow you.
So, if you put your savings in a bank, you lose money, because the interest rate is obvously less than 25%
What most people do when they want to save money is buy dollars
You also lose money that way, but experienced argentines know that once our future crisis arrives and our currency devalues, those who saved in dollars will find themselves able of buying a lot of stuff cheaply.
Unfortunately, my populist leftist gov is not letting people buy all the dollars they want, they want people to use their pesos buying stuff, and not saving them.
So, I have three options, either invest my money into some business or actions, buy dollars more expensive in the illegal market, or buy gold.
Could gold go up if Greece leaves the Euro? perhaps there will be doubts about the future of the Euro and a big flow of people and companies going to gold for safety?
You can also use this thread to discuss the future of the Euro and the EU, I allow you.
Comment