increase in inflation?
2007-12-13 12:35:51 · 2 answers · asked by Linda H 1 in Business & Finance ➔ Personal Finance
Typically, the area that is suggested to be invested in is gold.
Some suggest gold mining companies or gold bullion or gold coins. Each has their disadvantages. We have not seen a severe increase in inflation in quite some time.
You have to be cognizant of the fact that inflation doesn't hurt everyone, mainly the people who's salaries don't progress at or greater than the rate of inflation.
This group tends to be the poor and the elderly.
2007-12-13 12:46:12 · answer #1 · answered by Dave 3 · 0⤊ 0⤋
The purchasing power can be partially protected with investments which are not affected by inflation like specialty mutual funds, This is a job for a good broker.
2007-12-13 20:48:22 · answer #2 · answered by googie 7 · 0⤊ 0⤋