The results for January, which have just been published, indicate that inflation is higher than economists had predicted. Our wallets are shrinking, and bank deposits are no longer attractive. We need to look for alternatives.
Prices of goods and services in January were on average 2.7% higher than in the same period last year. It turned out that the reality was much bleaker than the forecasts of economists and market analysts. Experts had assumed that inflation in January would be 2.4%. However, many of them left room for these predictions and pointed out that it is difficult to clearly determine the rate of inflation, as we are living in extraordinary times.
The National Bank of Poland is still trying to instill a bit of optimism in Poles and assumes that this is a transitional period. According to the NBP, the situation should normalize in the second half of this year. However, there is no consensus between market analysts and representatives of the National Bank of Poland on this issue. According to many experts, the cost of living will continue to rise, and the purchasing power of money will weaken. It is high time to take care of our household budgets and savings.
Currently, more than half of Poles recognize inflation as a real problem. We are frustrated by the prices of goods and services, and consequently by the fact that there is less and less money left in our wallets. At the same time, savings accounts, time deposits, and other deposits, which were popular until recently, are losing their raison d'être. After interest rates were lowered, they became completely unprofitable. This contributed to the idea that it was time to look for alternative ways to invest capital.
Today, we are increasingly willing to purchase bonds, real estate, or precious metals. Of course, it is best to diversify your investment portfolios. It is worth knowing that you do not need to have significant assets to start investing wisely, e.g., in gold, silver, platinum, or palladium.
Silver has recently returned to favor, with the price per ounce rising significantly. However, nothing can beat the unflagging demand for investment gold. Today, this royal metal is bought by both very wealthy and smaller investors. Due to the fact that gold can be purchased in various forms (gold bars and gold bullion coins) and weights, it has also become attractive as an unusual gift. Poles' thinking about investment metals has definitely begun to change. This is especially true in the face of the absolute need to seek alternative ways of investing.
It is not without reason that gold has been considered a safe haven for years. Especially today, when times are still quite unstable, it is worth taking care of your future and that of your loved ones.
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