Thread: Savings Account
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Old 06-12-2008, 06:39 PM
trent trent is offline
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Join Date: Jun 2008
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Most people in Canada, US and Western countries in general cannot save at all and live paycheck to paycheck. With all the newly printed money around the world, inflation is heating up, which makes savers losers. I'm sure that most savings accounts don't pay enough interest to cover inflation. The reason why commodities and precious metals are going up in value is because people are shifting money from paper assets like stocks, bonds and fiat money to real tangible assets. That's the only way to protect wealth, from inflation.
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