Inflation hits everyone
Savings accounts could be used profitably in the 1990s because year-on-year inflation rarely exceeded two percent and interest rates were above five percent. Since the financial crisis, however, savings returns have been unable to keep pace with inflation. Now, in 2021, the challenges have grown even more. Massive disruptions to supply chains around the world have pushed inflation to levels not seen in decades. On top of that, there is a sense of higher purchasing power loss in the euro area. This brings us to the topic of shadow inflation. According to one survey, perceived inflation in the first quarter of 2021 was 4.5 percent, while officially it was around one percent.
If it looks like prices are staying the same, there can still be hidden inflation, shadow inflation. It happens either through a lower service, for example cheaper waiters or less cleanliness in the restaurant. Or there is a longer wait for goods and less choice.
Strangely enough, an increase in the price of gas or at the pump is painfully felt, but hardly at all in terms of wealth and savings. Otherwise, savings rates in this country or even in the US might not be so high. That's where diversification and assets like gold investments help.
Here, OceanaGold - https://www.youtube.com/watch?v=PtFuwcmAl9E -, an experienced gold producer, would come into consideration. The company's properties are in the Philippines, New Zealand and the US.
Revival Gold - https://www.youtube.com/watch?v=83mQKWrKaGw - has already had nice drill results at its Beartrack-Arnett gold project in Idaho. This was formerly the site of a large producing gold mine.
Current company information and press releases from OceanaGold (www.resource-capital.ch/en/companies/oceanagold-corp/).
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