POSTED BY May 17, 2012 4:51 pm COMMENTS (6)ON
This question is about the various doomsday scenario hovering around.
How would you advise going around the notion that there is a possibility of total financial system overhaul leading to extreme value dropping of your saved money? Especially in the sight of “policy paralysis” / “no-more-reforms” in India? A possible Eurozone collapse? Unpredictable future of the US economy. Is it reasonable to project long term plans in economy (local or global) which doesn’t know what will happen a year in the future? Isn’t it more rational to steadily convert ongoing money flow into more value-stable physical goods (like gold) instead of trying to save it for retirement?
Does it make sense to save resources for the future if there is significant risk for those resources’ value in the future? What do you think?