How to protect your money from inflation: the most relevant options
The pandemic has radically changed the lives of many people around the world, with many losing their jobs or taking long leave.
Humanity has never before faced such a severe economic crisis; its main difference from all previous ones is its global nature and longer duration.
In an attempt to somehow rectify the situation, governments in many countries have launched printing presses, increasing the amount of money in circulation.
These actions triggered inflation; today, everything is becoming more expensive – gasoline, food, utilities, clothing, and household goods.
Analysts also predict rising real estate and land prices throughout 2021, and the end of the pandemic will only accelerate this trend.
In their annual report, Saxo Banka experts identified the most promising assets to invest in to protect against inflation in 2021:
• Real estate – the projected growth by the end of 2021 could be around 15-20%, with everything going up in price: apartments, land plots and parking spaces.
The reason for the price increase is the reduction of interest rates on bank deposits and a preferential lending program.
• Securities – it is predicted that in 2021, shares of IT companies and large Internet platforms such as Amazon and AliExpress will continue to grow.
Similarly, securities of pharmaceutical companies and the metallurgical industry will grow.
The easiest way to buy shares is through the trading platform - https://time-forex.com/vopros/otkryt-demo-fondovy
• Silver – according to the most optimistic forecasts, the precious metal may rise in price by 200% during 2021; most stock traders also support this opinion:
Brokers that allow you to trade silver - https://time-forex.com/vsebrokery/brokery-zoloto-serebro
• Cryptocurrencies – despite the fact that Bitcoin and many other cryptocurrencies have already risen significantly in price, these assets still remain attractive for investment:
It is expected that Bitcoin could rise in price to 70-80 thousand in 2021, and assets such as Cardano, Ripple, Stellar, and Cardano could rise several times.
Investing in Bitcoin or other liquid cryptocurrencies can also protect your money from inflation. We have a dedicated section on our website dedicated to this topic: https://time-forex.com/kriptovaluty
According to official forecasts, inflation in 2021 will be 4-5% in Russia and 6-7% in Ukraine. However, we all understand how official data can differ from the actual situation, so we should try to protect our money from inflation ourselves.
