In the current economic situation, many people are facing a dilemma: their savings are becoming less and less valuable, while prices are rising. This makes many people feel anxious and helpless, and they don't know how to protect their wealth.
Is there a way to keep our savings from depreciating in value over the next 10 years, or even growing in value? The answer is yes. Economists have given a prediction that this goal can be achieved by exchanging deposits for three things. What are these three things, and what are their characteristics and advantages?
Swap your deposit for gold
Gold is a precious metal with a long history, which is considered to be the most stable currency and store of value due to its scarcity, durability, divisibility and storability. The price of gold is affected by a variety of factors, such as supply and demand, geography, market sentiment, etc., but generally shows an upward trend.
According to the data, from 2000 to 2020, the price of gold rose from $270 per ounce to $1,900 per ounce, an increase of 600%. The purchasing power of the renminbi has fallen by nearly 40 percent. This shows that gold is an asset that can withstand inflation and currency depreciation, and it can maintain or increase our wealth. It is a wise choice to exchange your deposit for gold.
Swap your deposit for stocks
A stock is a security that represents the ownership of a business, and it allows us to share in the profits and growth of the business. The price of stocks is affected by factors such as the operating conditions of enterprises, the development prospects of the industry, and the supply and demand relationship of the market, but in general it also shows an upward trend.
According to the data, from 2000 to 2020, the Shanghai Composite Index rose from 1,500 points to 3,500 points, an increase of 130%. The S&P 500 index in the United States rose from 1,400 to 3,700, an increase of 160%. This shows that stocks are an asset that can reflect economic growth and corporate innovation, and it can bring us income and appreciation. Therefore, exchanging deposits for shares is a promising option.
Swap the deposit for yourself
Being yourself is one of the most important assets that can determine our income and development. Our abilities, knowledge, skills, experience, and connections are all our assets, which can make us more opportunities and competitiveness in the workplace and society. Our own value is affected by our learning, hard work, innovation and other factors, but in general it also shows a trend of improvement.
According to the data, from 2000 to 2020, China's per capita GDP rose from $1,000 to $10,000, an increase of 900%. China's tertiary education graduation rate has risen from 10 percent to 50 percent, an increase of 400 percent. This shows that we are an asset that can reflect social progress and personal growth, and it can bring us value and respect. Therefore, exchanging the deposit for yourself is one of the best options.
Epilogue:
Economists predict that if you exchange your savings for three things, they will not depreciate in the next decade: gold, stocks and yourself. All three of these things have their own characteristics and advantages, and they allow our wealth to be protected and grown on different levels.
This does not mean that we should exchange all our deposits for these three things, but we should reasonably allocate and adjust our asset structure according to our actual situation and goals to achieve the best results. In this era of change and opportunity, we must have the courage and wisdom to grasp our wealth and create a better future for ourselves and our families.