Fear for the savings - what to do?
51 percent of German citizens are afraid of inflation, according to a survey by the Attest platform.
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The survey, commissioned by JP Morgan Asset Management, also shows that inflation concerns are even greater in Bavaria. 56 percent of savers are afraid of losing purchasing power. The cost of living has risen and so less can be saved, even though private provision is to be made for old age. Despite inflation, overnight or time deposit accounts are still very popular. There is also a difference between the total population of Germany and the Bavarians when it comes to shares. Four out of ten Bavarians own shares, but only three nationwide. More than 50 percent of those surveyed said they consider stocks, stock funds and ETFs to be good ways of protecting against inflation.
Why so many people put their money exclusively in savings accounts, call money or time deposit accounts and accept the devaluation of their assets remains a mystery. After all, even a 2.5 percent interest rate is nowhere near enough to offset the inflation rate of around eight percent. Yields on life insurance policies can't help either. Presumably, many citizens shy away from the uncertainties associated with stock ownership. This year in particular, shares have often gone up and down sharply. It is a pity that this prevents many people from investing part of their assets in equities. Because gold shares in particular offer good opportunities in the medium to long term. Gold is simply a commodity that has proven itself in all times, it is unique and cannot be multiplied at will like paper currencies. Gold mining stocks that have the best prerequisites are, for example, Gold Royalty or Gold Terra Resource.
With the Yellowknife City Gold Project, Gold Terra Resource - https://www.youtube.com/watch?v=Dn_KRPL6GDM - owns an immensely large and prospective land package (800 square kilometers) in the Northwest Territories in the Yellowknife Greenstone Belt.
Gold Royalty - https://www.youtube.com/watch?v=3PhJY9cwBv8 - offers diversification for investors as a royalty company. This mainly with royalties on gold properties in North and South America.
Current corporate information and press releases from Gold Royalty (https://www.resource-capital.ch/en/companies/gold-royalty-corp/) and Gold Terra Resource (https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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