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Inflation and How to shield yourself from inflation attacks by gbenga

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· @gbenga ·
$11.83
Inflation and How to shield yourself from inflation attacks
Depending on your country, inflation rate differ from one region to another, but it is certainly an economic epidermic affecting everything finance and economy.

For years, inflation has been a core of the financial world as the government and the central banks ensure that inflation is continuous as they keep printing money into circulation, reducing the purchasing power of the currency during the current year, compared to the previous year. This said, It is very difficult for people to go past cases of very high inflations and so, it is advised to be financially wise, and learn this financial steps during a period of hyperinflation.



![](https://www.gannett-cdn.com/-mm-/2836aaa5a122ccfaf3f251ad914b02ff84c86c72/c=0-103-2128-1305/local/-/media/2017/04/13/TennGroup/Nashville/636277035242086786-Inflation.jpg?width=3200&height=1680&fit=crop)
[Source](![https://www.toppr.com/guides/general-awareness/money-and-money-market/measures-to-check-inflation/])


The first thing to do is during a hyperinflation period as a wise financial individual is to take your money out of the bank, mattress, or in the hole where you kept them. During a period of hyperinflation, it is very true that savings is not a safe haven. Saving will make you lose money for every moment that goes by, as the money keeps losing monetary value.

Even when you are paid at a fixed amount, you are surely losing your purchasing power because the price of goods 

While you have the money with you, you aren't burning it or throwing it into the sky, you are going to put the money into work, so they can start working for you. One of the best investment at this time is Real Estate. You can purchase both residential and commercial spaces for the purpose of business. You can have either a fixed, or small interest rate depending on the country where you are. The value of homes goes up according to growth in the community. In some countries, you do not need to pay any interest on mortgage.

You can either go into real estate long term, or short term, or possibly invest in REIT. The price of buildings keep going upwards above the inflation rate.

Asides from investing in Real Estate, investing in commodities is  another way of saving yourself from inflation that could make your wealth look valueless. Investing in ETFs, and other commodities can be a great idea.

Investing in Gold, and Cryptocurrency can be a very good way to shield yourself from investment as people with large amount of money will be investing, and so should you. Invest in project that have used cases and have the strength to withstand the test of time. Also, remember that investing in cryptocurrency is not a guarantee of quick money, and money invested can be lost. It is good to understand what you want to invest in

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@hivebuzz ·
Dear @gbenga, we need your help!<br><br>The Hivebuzz proposal already got important support from the community. However, it lost its funding a few days ago and only needs a few more HP to get funded again.<br><br>May we ask you to support it so our team can continue its work this year?<br>You can do it on [Peakd](https://peakd.com/me/proposals/199), [ecency](https://ecency.com/proposals/199), [Hive.blog](https://wallet.hive.blog/proposals) or [using HiveSigner](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22199%22%5D&approve=true).<br>https://peakd.com/me/proposals/199<br><br>Your support would be really helpful and you could make a difference.<br> Thank you!
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@india-leo ·
Indiaunited Curation 1653709123070
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@marvinix ·
I see no reason to hold any fiat with the current growth in the crypto space. 

Real estate is a nice investment plan too if you have the funds, but if you're an average user/investor, then crypto savings like HBD is the perfect way to go. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@marvinix/re-gbenga-36jqkq)
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@yibbiy · (edited)
$0.03
During period of hyperinflation, holding cash is the worst whether it is in the bank or inside the mattress. 

Remember pictures of people using wheelbarrow to haul worthless cash? 

And stories where the beer bottle is worth more than the cash you bought it with by the time you finish drinking it? 

Hyperinflation is a great reset, there would be a lot of government interventions along the way, whether it is coupon to ration food, or confiscation / price fixing on gold, the goal during this period is to survive and hope whatever you hid and stashed can give you a head start when things are back to the new normal. 

Crypto could make a huge difference if this were to happen again.  You can flee to any jurisdictions with nothing other than your memorization of your private keys. While you will not be able to carry your real estate or gold with you. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@yibbiy/re-gbenga-5hb2aa)
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