Currency is arguably the eighth wonder of the modern world, as people have no longer been required to barter goods and services with one another for products and services others desire. Rather, people participating in capitalistic economies across the globe simply offer standardized currency backed by governments in exchange for any product they can put a price on.

An inherent part of modern currency, however, is that a dollar loses value over time due to a phenomenon called inflation. Even though inflation goes against the wealth-oriented welfare of income earners, it’s actually a sign of a healthy economy.

Participants in capitalistic economic markets can safeguard against inflation through, more or less, two means: stow their hard-earned money away in savings accounts provided by financial institutions or invest money in shares of public companies, government and corporate bonds, precious metals, commodities, and real estate, among other...

Read the full article at jbowmanaccountant.info!