The surge in gold prices is quite terrifying when you think about it deeply!
Now gold prices are rising rapidly, apparently due to 'safe haven' demands, but the underlying truth is that money is becoming increasingly worthless. If you have more than 200,000 in savings, wake up — in the next five years, cash depreciation is inevitable!
Why? Gold rising = rampant inflation = money becoming worthless. Gold prices have already skyrocketed, but what's even scarier is that the depreciation rate of the yuan may be harsher than the rise in housing prices.
Do the math and you'll understand:
10,000 now has the actual purchasing power equivalent to:
6,800 in 2020
1,500 in 2008
120 in 1994
Looking at it over ten years, money is definitely becoming more and more worthless! So don’t be foolishly putting all your money in the bank; you need to find ways to make your assets outpace inflation. Otherwise, five years from now, when you wake up, you'll find your savings have halved, and you won’t have time to cry!
(What should you buy? Gold? A house? Or something else? Everyone's situation is different, but the core principle is the same — don't let your money sit idle waiting to die!)
