Posted by harryvan 4 years ago In:

inflation

harryvan Asked:

Dealing with inflation

Recent reports show that inflation is slowly coming to overtake us. How should we prepare ourselves to deal with it?

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4 Answers

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habanero Answered:

On the personal level its better to invest your money, so it wouldn't lose it's value. One of my favorites is investing in forex, though there are other ways to do that.

Posted 4 years ago
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Aardvark Answered:

Well, there are many ways to deal with inflation but unfortunately most of them have little to do with the citizens of the country. Most of the actions are governmental decisions regarding monetary policy such as changing interest rates (raising them to block inflation) and other methods.

Here is an article that can teach you a tremendous amount about inflation. It's a bit long but has lots of information.

Good luck.

Posted 4 years ago
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gabriwa Answered:

Investments is the key word here.

Here you might find some more ideas from the east on how to deal with it as consumers.

Posted 4 years ago
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Pontios Ephraim Answered:

Buy gold, platinum, silver and maybe palladium. They have inherent value and keep up with the rate of inflation rather than paper money which loses value since it's value is based on nothing tangible. Encourage people to start trading in metals for goods and services rather than worthless currency based on debt, visit: www.opencurrency.com and www.endthefed.us.