So I am new to finance because I'm like 20, but I hear on the radio that inflation is going through the roof with no signs of stopping. If I understand correctly that means my money (50 dollars in my whole bank account) is losing value, which means I have to pay more money for things than I used to.

Well I've also been hearing on the radio that I can completely disconnect all my wealth from inflation by investing my monopoly money into real physical things like precious metals, which will never lose their value.

If this is true, doesn't that mean I should turn the majority of my money into gold and silver as fast as possible, to protect it from losing value because of retarded politics? 

Stuff like this is why I never got into crypto, but I didn't realize that mutt money does the same thing but worse, and I want out.

>>54736755 (OP)

Yes you should protect your wealth if you have money

If you have debt gold isn’t worth as much. It’s good to protect but not grow wealth.

Fiat encourages people with less money to take higher risks

>>54736755 (OP)

>which will never lose their value.

Not always true, it's mostly seen as a safe hedge because through previous equity crashes it was a good store of value (Limited or whatever narrative you want to believe) It's generally very safe and you can look at previous charts demonstrating this but to say it might NEVER lose value is retarded.



>majority of my money into gold and silver as fast as possible

Diversify into some other items as those seem to "appreciate" well on average..



>can completely disconnect all my wealth from inflation

You can't really completely do this because there is a goal set by the Fedfags to get "2%" and this is for some dumb economic money supply theory but yea over time everything is going to lose value so dont just hold out on currency forever. If you truly want to disconnect you have to be self-sufficient probs.



>Stuff like this is why I never got into crypto

Ignorant cope, crypto is a good asset class to research on your own but I'd say hold ETH,BTC and a few alts of your choosing...



also if u have 50 dollars focus on making more money before trying to preserve ur tiny sum.

>>54736755 (OP)

You should buy a small percentage of both gold and bitcoin, along with a traditional zog portfolio. You should completely ignore "crypto"

>>54736755 (OP)

gold and silver are bad ideas, not only do they appreciate slowly, barely beating inflation, but you cant sell it for full price either. Dump your money into an index fund and it'll grow ~10% every year until you retire and you'll be fine. 

if you want to get rich then you can try to time the market or buy shitcoins but you better have the mentality that once you buy it's gone.

You can absolutely sell gold, silver is a shitcoin tho
