It's true! You need to know the risks associated with storing your wealth in your native fiat currency. Let's take India, great example! The Indian Rupee has been inflated 195% since 2010. (https://www.inflationtool.com/indian-rupee/2010-to-present-value)
That equates to the same as 'Half of your Indian Rupees in the bank have been stolen over the last 10 years'. It is literally the same thing! Think of all of those hours your parents and yourself may have worked for half of their savings to have been stolen, through inflation, over the past 10 years! Not to mention more!
Let's take this further! Say your grandparents have been saving for their retirement since 1990 and storing Rupees away. They have been inflated 875%. That equates to, 'You have had 90% of your savings for retirement stolen'. (https://www.inflationtool.com/indian-rupee/1990-to-present-value)
Mind blowing.
Thank you so much for the comment!
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