“Many people told me that out of fear of war and inflation they had moved away from stocks and bank accounts, investing in gold instead. Some said they kept larger sums of cash on hand so they could access it quickly if needed,” he said.
Yes. There are always pros and cons. The “loot boxes” are safe from inflation and bank account limits, but they are exposed to* thieves just like keeping money in a safe or under the bed at home.
The safest bet is always to invest in society, not in your private treasure chest.
Obviously, it’s not a guarantee, but if you keep foreign currency in your bank account, a financial crisis might lead to imposing limits on withdrawals. This happened in Lebanon a few years ago.
Yes. There are always pros and cons. The “loot boxes” are safe from inflation and bank account limits, but they are exposed to* thieves just like keeping money in a safe or under the bed at home.
The safest bet is always to invest in society, not in your private treasure chest.
Save from inflation?
Foreign currency.
Obviously, it’s not a guarantee, but if you keep foreign currency in your bank account, a financial crisis might lead to imposing limits on withdrawals. This happened in Lebanon a few years ago.