How to Save Savings from High Inflation and Market Instability?

News about rising inflation has filled the headlines of newspapers and portals even before the Russian invasion of Ukraine, but the increase in the prices of oil, gas, and food that we are currently witnessing further worsens the situation in which our money is losing value as we can buy fewer and fewer goods and services for it. Due to record inflation in the USA, the eurozone, and Croatia, real wages have been falling for months, which means that the purchasing power of citizens is actually lower, while the monetary savings that most savers keep in banks are rapidly losing value.

Historically low interest rates on savings are not nearly sufficient to cover the loss of value of money in the account due to inflation, and holding a large amount of money in the bank, besides being unprofitable, can also be risky. Market instability can lead to bank runs, and the latest example of this phenomenon was seen when users of Russian Sberbank services formed queues at ATMs, fearing for the loss of their assets.

For all these reasons, more and more citizens are turning to alternative forms of savings that provide protection against inflation, while at the same time giving savers a sense of security and independence from the banking and financial system. The most common form of such savings is investing in gold.

Investment Gold – Inflation-Resistant Savings with Returns Above 8%

Investment gold is standardized gold that comes exclusively in the physical form of gold bars and coins of high purity, intended for long-term investment and savings. The main reason why savers invest in investment gold is its profitability. Namely, the price of gold has increased on average by more than 8% annually over the past twenty years, which is significantly higher growth than most other investments and more than enough to cover the loss of value of money due to inflation.

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In addition to the high returns that investing in gold bars and coins brings, gold is very attractive to savers because it is completely exempt from all taxes if purchased as a private individual, which means that all profits from the investment remain with the saver, without any obligations to the state. Furthermore, savings in gold are completely independent of the state and the financial system, whose potential collapse will not lead to a loss of value of savings, as is the case with monetary savings in the bank, and it is also a safe investment, since the price of gold is not as volatile as is the case with, for example, investments in cryptocurrencies.

Investment gold is a very liquid asset, which means it can be easily exchanged for cash through the gold buyback service if the need arises. Thus, savers do not have their capital trapped in savings in case of unforeseen expenses, as the purchased gold can be cashed in at any time at the current rate with one of the many authorized gold buyers, anywhere in the world. Additionally, investment gold provides protection against economic crises and instability as it is known as a safe haven for capital in uncertain times, which has been proven multiple times throughout history.

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How and Where to Invest in Gold in Croatia?

The most profitable and safest form of investing in gold is the purchase of investment gold in physical form of gold bars and coins as it is the only tax-exempt way of investing in gold that provides the investor with a high level of security and independence. The purchase of investment gold can be made at the Gold Center, the main Croatian distributor of investment precious metals, which is also an authorized distributor of well-known mints such as the Austrian state mint Münze Österreich, known for minting gold ducats featuring Emperor Franz Joseph.

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The Gold Center offers a wide range of investment gold sizes from one gram to one kilogram, making investing in gold accessible to absolutely everyone, regardless of individual purchasing power. Purchases can be made at one of the branches or through the webshop, and gold can be picked up in person or a 100% insured delivery to the home address can be selected, arriving in just three working days. The Gold Center also offers all its clients the option of free gold storage for the first year.

If you also want to preserve your savings from high inflation by investing in investment gold, which has proven to be the best way to preserve value in uncertain times, you can view the largest offer of investment gold in Croatia by clicking HERE.

The staff at the Gold Center are available for completely free consultations and you can contact them with any inquiries related to gold at the email [email protected] or by calling the number 01 3000 783.