In this post we are going to look at how to protect against inflation. I bet this is a topic that many people do not spend much time thinking about but it is massively important. Inflation affects every single one of us in our day to day lives and it is to all of our benefits to work out how to protect against inflation.
It is no surprise that the cost of goods and services go up almost every single year without fail. From your gas and electricity bills, to the fuel for your car and your weekly food shop at the supermarket, prices are continually rising fast year after year.
If your only source of income is from employment or self employment, it is highly unlikely that your salary increase each year (if you get one!) will keep up with the rate of inflation. The sad reality is that if your income is similar each year, then effectively you are becoming financially worse off year after year and your disposable income will constantly be under pressure and will be squeezed to nothing.
This is one of the key reasons why a large proportion of the employed working population struggle financially each month because the phrase “more month than money” has never been more true than it is today.
This is largely due to a combination of inflation and the loss of purchasing power of our paper money. The £10 note or $10 note in our pocket will generally buy much less today than it did last year, the year before and so on.
Unfortunately, it does not get any better for people on a pension either. Many pensioners struggle because their cash savings are becoming worth less every year. They are continually getting a worse return on any cash in the bank or any stocks and shares in the highly volatile financial markets.
When these issues are combined with inflation and the continual loss of purchasing power of paper money, it is easy to see why after a lifetime of working, affording to live comfortably on just a pension is far from easy. If you want to protect and increase your wealth, then you need to take action to protect yourself from inflation.
How To Protect Against Inflation – Top Tips From Robert Kiyosaki
How To Protect Against Inflation – Buy Solid Silver Coins!
The wealthiest people in the world seem to have always realised that investing in commodities is one of the best ways to protect against inflation. Investing in commodities such as oil, gold and silver have always been one of the best protection from inflation things you can do.
However, with the current high price of oil and gold, silver is in our opinion massively undervalued and represents an absolute bargain.
Silver is also at such a good buying price that absolutely anyone can invest in or collect solid silver. At the time of writing this, silver is currently only at $20 per ounce!! There is now for the first time less silver on planet earth than gold!!
What do you think that will mean for the price of silver in the future?! Silver represents a store of real value and unlike paper money it has and has always had intrinsic value.
Essentially, you can help protect yourself from inflation with silver in two different ways. You can invest in some silver bullion coins or bars, where the value of the silver will be directly related to live silver price which changes hourly every day.
Alternatively you can collect numismatic (museum quality government graded and certified) silver coins. Numismatic silver coins are primarily priced according to their rarity and grade (quality/condition) and not just their silver content/weight.
High grade numismatic coins have the capability of increasing significantly in value over time and potentially offer fantastic protection against inflation.
We have taken the time to study the economy and listen to some of the best wealth trainers and educators in the world, people like Robert Kiyosaki and Michael Maloney. We decided that we would put into action what we had learned.
We personally choose to exchange some of our paper money (which is becoming massively devalued) for some solid silver and or gold bullion and some silver numismatic coins each and every month.
What could be easier? Collecting silver – especially in the global economic climate that we are in, just makes perfect sense.
Hopefully we have now explained how to protect against inflation. If you have enjoyed this post and got some value from it – please like, comment and share.