When an economic crisis occurs, the national currency devalues - a default. There are many ways to preserve your money savings, although none of them guarantees one hundred percent protection against losses. But if you do not take any preventive measures, then you can lose all your savings.
Currency exchange
The surest way to save money is to exchange money for currency. In this case, when the purchasing power of the international currency falls, most of the funds will be saved from default. However, you need to understand that with a massive exchange in banks, there may simply not be enough foreign exchange funds.
Bank deposits
Keeping funds in banks in the event of a serious economic default in the country will not bring any benefit, because the deposit interest offered by the bank will not be able to cover the decline in purchasing power. In addition, in a serious economic crisis, the banking system suffers first and foremost. After all, banks are also not immune to collapse. Therefore, the opening of non-cash currency and metal accounts does not guarantee the preservation of funds.
Common consumption goods
One of the most effective ways to save money is the purchase of household appliances or vehicles. But it should be borne in mind that in the modern world, the progress in the development of electrical engineering is growing rapidly, and in a very short period of time, the acquired household appliances can become morally obsolete. In this case, road transport is a higher priority investment.
Buying a property
Buying real estate with the necessary money is the most common way to save money. Indeed, during a default, few people will invest in the acquisition of real estate, and therefore the value of the property can drop by up to 50%. The best option is to purchase real estate in resort areas. This will provide an opportunity to receive additional income when renting property.
Securities
Investing savings in securities is a risk even in the normal state of the country's economy. With such investments, it is necessary to have information about the economic condition of the organization, the shares of which are on sale. In addition, even if this enterprise survives the crisis, dividends on purchased shares can be received no earlier than 3-4 years.
Antiques and jewelry
Buying rare things or investing in precious stones and metals is the most profitable investment. It is also necessary to have special knowledge and understand the specifics of the antiques market. The jewelry market is the least prone to economic collapse. It so happened that precious metals, stones and antique values have the greatest protection against inflationary processes.
