Introduction to to inflation
Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods. Often expressed as a percentage, inflation thus indicates a decrease in the purchasing power of a nation’s currency. In order to understand the inflation easier let's say
your money is a snowball that you are holding in your bare hands on a sunny hot day and you are going to use a escalator to climb a mountain. But, here the problem is the escalator moves you down. Now if you stand still with your all your funds you hold thinking you are losing nothing, you are totally wrong because the heat of your hands plus heat of sun will make you lost your funds. In this example the heat of your hands works like daily expenses, the escalator is the inflation pulling you back and the sun is more like the unwanted external factors causing you lose some move over time.
Having Investment plan
Here we do need to save your money from the inflation beast. The first goal is to don't lose our money and preserve the value of our money and second goal to slowly grow our funds to earn some small profits in long-term. The question here is why we need to go slow and why in long-term? Why not taking 100% profit in one single day? The answer is simple, you may see someone winning a million dollar on a lottery on television but you will never see more than ten million people winning nothing and just losing money to buy the lottery tickets. Taking huge profits in short-term will be a huge risk for anyone and none will say anything about people who lose their money, know will ever know them. In case is explained very well in the book named "The Compound Effect" by Darren Hardy. We get small profits in long-term but we aim for higher goals that's also called compound profit. So, what we learned so far (thanks to Darren Hardy) is to aiming high in long-term.
What is suitable for investing
Depending on yourselves there are so many different markets where we can get some profit or lose some money. Here we will check a few popular and most known markets.
Stocks are really good if you can check the news everyday and sell/buy the stocks periodically but in this case you can easily lose a huge amount of your money in on single day.
Forex market is ideal for the people who work in international markets and they must have lots of technical knowledge regarding to the charts and this market is way to dangerous for new people when they have no experience.
Real estate is another famous market but comparing to the other markets, it requires much more money also you will need to have some knowledge about the the city/village where you are going to buy property on it. Also, depending on your government, you will need to pay a huge amount of tax.
Gold market is also called safe-haven for long-term investors, having huge demand in all countries is one big advantage. For example, if you buy some golds in United States you can sell the golds you bough in Spain, Africa or any other country, because of the demand in all over the word. This huge demand of gold is the reason why gold price is growing over time in long and mid-term. One simple example is the covid-19, even during the current economic crisis, all the fiat currencies are losing the price comparing to gold. In other words, our moneys are getting worthless and losing it value over time.
Be your own bank
Buying, holding or selling gold was always a historical problem. Many people buried their golds under the ground or gave it to someone trustworthy or lower the risk of losing their investments. Also, there many fake golds in the market to take your money for cheap a piece of metal. In the other hand, you will need a huge space to save all the physical golds. But, Digital Gold will solve all these problems plus some more advantages.
Digital Gold is a trustworthy and stable blockain project made a few years ago to help the investors. After buying one single token of Digital Gold you don't need to be worry about worthless fake golds or the impurities because the price of 1 token of Digital Gold of is always same as the price of one gram 99.99% of gold and nothing can't change this stable rule.
There are many cryptocurrencies and many projects, but if you check the markets you will understand the prices are not stable at all and you can lose all your funds in one single day. But, due to the the huge physical liquidity provided by the Digital Gold team, the price is always stable. Because, the project is literally backed by actual physical gold.
Digital Gold is an ERC-20 token, while all the markets are closed during the weekend, you can buy or sell Digital Gold 24/7 on three trusted exchanges. Also you can use their marketplace on their official website to buy or sell golds in a few seconds without of any singing up or providing any KYC or even one single real name, this privacy protection is provided by Digital Gold to avoid leaking any personal information to anyone including the governments. You can hold one million of Digital Gold tokens for years and none will understand, none can ever ask you for tax. For transferring many ERC-20 tokens you will need to also pay some transaction fee, while Digital Gold will not ask you even one cent for the transactions you make.
Also you cannot buy or sell 0.1 gram of physical gold if you don't have the enough money for investing, while Digital Goldwill also solve this problem and lets to to easily buy or sell Digital Gold token even with the small amount of money you have.
Conclusion
According to "The Compound Effect" by Darren Hardy investing in long-term is possible for anyone. The price of coffee you send at work or the price of pizza you send for an extra piece and be invested and turned into million of dollars. The strategy is very simple save just 1-2 dollars everyday and using the money you saved buy some Digital Gold tokens. After 10 years you will see the amazing results. I'll also put the links to contact the Digital Gold project where I recommend everyone to use the links bellow and check the Digital Gold project.
For more articles about Digital Gold project you can also visit their steemit account.
More videos are available onDigital Gold YouTube channel.Ways to contact the project:
Official website: Digital Gold
Whitepaper: Whitepaper
Announce Thread on Bitcointalk: ANN Thread
Telegram official channel: Telegram
Medium page: Medium
Twitter page: Twitter
Reddit: Reddit
Phone Number: +852 800931931
This article was written and published by Leviathan.007
My Ethereum wallet address: 0x817378Bc2f833d5Fd0037bD3eE079FA3F8d29F7