Parshina L.N.Emperor Alexander I St. Petersburg State Transport University, St. Petersburg, Russian Federation ParshinaLN@yandex.ru ORCID id: not available
Subject The article addresses the safe ways to invest money. Objectives The purpose is to analyze various methods of investing money, i.e. real property purchase, account opening with a commercial bank, and precious metals purchase, namely, gold bullion coins. The paper also considers prices for one square meter of property measured in gold. Methods I employ various methods of academic research, like economic analysis, statistical and economic method, and systems approach. Results The cost per square meter is growing faster than household incomes. With the current rate of inflation, the deposit interest rates of commercial banks make it impossible for depositors to maintain the purchasing power of their savings. To protect their savings, individuals should pay attention to precious metals, gold in particular. Gold as a commodity is sold in various forms. The most common method is gold bullion and gold coin trading. The findings may be useful for individuals concerned about maintaining the purchasing power of their savings. Conclusions It is crucial to diversify risks and distribute money equally into precious metals, foreign currency (preferably the US dollar, as it is the funding currency, and all goods and major debts are denominated in USD), and the Russian ruble.
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