What Is Your Safety Net To Deal With Inflationary Pressure?

We use cash in our daily. Even though you don't want to use cash, you cannot avoid it. You see the inflation rate is very high. What you bought last month, you cannot buy that with the same amount of money.

You can do different things to deal with inflationary pressure. In a situation like this, commodity price goes up. So you can get into commodities. You can invest in hard assets like gold. Gold usually do pretty well in a situation where you see inflationary pressure. You can compare your fiat currency with the dollar. If your native fiat currency loses its value more than dollars, you can convert your fiat currency into dollars which gives you a temporary solution. You can hold stablecoins and invest in high conviction cryptocurrency when the market starts changing.

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