With Great Difficulty, Savings Are Disappearing Faster. How to Stop the Loss of Value of Savings?

The impact on the standard of living for citizens of Croatia is increasing.  Inflation is galloping through global economies, and Croatia is no exception. Every day, fuel and gas, electricity, consumer goods, and food are becoming more expensive…

Inflation is accelerating and breaking records.  A strong monthly increase in producer prices of as much as 16% is also driving up consumer prices. The State Bureau of Statistics has announced that inflation on an annual basis is already at 5.5 percent, the highest increase in the last 14 years! These are extremely concerning levels because once prices rise, it is very difficult to lower them.

Inflation reduces the purchasing power of money. For the same amount of money, less and less food, fuel, and other everyday necessities can be purchased. This is true even in less inflationary periods, but it is particularly pronounced in such drastic circumstances of rising prices of goods and services.

Don’t watch your savings melt away – invest it in gold

Citizens who have cash or money in the bank, or those who keep it “under the mattress” at home, are the most affected by inflation. Interest rates on term deposits in banks are almost non-existent, and in addition, taxes are paid on them. As well as on profits generated from investments in mutual funds and stocks. After all, the inflation rate far exceeds savings interest rates. So what should one do with their hard-earned savings?

Profitable savings are still possible. The best protection of assets from depreciation over time is gold. Investing in investment gold is much more profitable than keeping money in the bank or at home. In fact, over the last few decades, the price of gold has increased at an average rate of over 8% per year. Such an increase in value compensates for the negative effects of inflation over time. The purchase of gold bars, coins, and bullion, as well as the income from their sale, are not taxable. Unlike other investment options such as stocks, savings, or real estate investments. Additionally, gold is very liquid – you can quickly sell it for cash if needed.

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Due to its characteristics, its past, and the expectations based on it for the future, gold is an excellent store of value for assets. The demand for this precious metal is increasing, and more and more people are wisely diversifying their assets by investing in gold.

Gold can be invested in various ways, with the best option being the purchase of physical gold. This type of investment is available to a large number of citizens, not just large investors. The market offers an exceptionally wide range of products – from 1-gram bars, through popular gold coins, to 1-kilogram bars.

Auro Domus – Your Partner for Gold  

When investing in gold, it is important to find the right partner. Auro Domus is the largest company in the trading of precious metals in Croatia, based on a century-long tradition related to gold. In a wide network of branches across Croatia, you can acquire investment gold or exchange your old gold for one of the investment products. The purchasing process is maximally simplified. Both in branches and through the web shop where you can shop from the comfort of your home.

Auro Domus guarantees the best price and fast delivery –  most products are deliverable within 24 hours.

Call the toll-free number 0800/7372 for advice and find out everything you are interested in regarding the purchase of gold.

Invest wisely – invest in gold!