“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” – John Maynard Keynes
Preserve your wealth in precious metals and consume in bitcoin.
Did you know that you receive a 3% discount when you spend bitcoin at many places? One of the beautiful benefits about bitcoin is that there are no, or very little, transaction fees when you spend the digital currency. Companies often pass those savings on to their customers.
For example, I can purchase a gift card with bitcoin to Amazon, Best Buy, Whole Foods, Target, Home Depot, and many other stores at Gyft. I receive a 3% discount when I pay with bitcoin.
Under the control of the Federal Reserve, inflation in the United States has historically been reported as between 0-5% during stable economic periods. At least those are the “official” government numbers. By using bitcoin to make your purchases, you don’t have to suffer a three percent decrease in your standard of living that is caused by inflation.
As of right now, the “official” inflation rate in the United States is negative 0.1%. So even during times of negative inflation, you can still increase your standard of living by 3% per year by just using bitcoin!