Better Way To Save Long Term
You’ve probably seen this prayer.
God, grant me the serenity to accept the things I cannot change,
The courage to change the things I can,
And wisdom to know the difference.
It certainly applies when it comes to saving long-term.
Even if you have the good habit of saving, the problem is, with the devaluation of money and resultant inflation due to the printing of fiat money out of thin air by the banking system (called QE or Quantitative Easing), the fact is that the money you save will be worth less in the future. Unfortunately, as long as the banking system writes the rules, that is something that you “cannot change”.
However, there is something that you “can” change, and that is how you save. You can save in gold, instead of in fiat currency. Now, this is not in bars or coins or ounces of gold. That is out of reach for most people. This is saving in grams of gold.
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