DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Best way to offset inflation in a halal way?

**w3QHxwNb** · 09-05-2011, 10:39 PM

Hazrat,

For example:

He earns 10,000 rs right now and his expenses are also 10,000. He's living hand to mouth without any savings. Due to inflation his expenses become 11,000 but he still earns 10,000.

What will he do now? He has two options,

1) Bring his expenses under 10k
2) Use his savings.

First one is easy, second is scary.

Let us suppose he bought gold. The gold was worth 20,000. His income 10,000. Due to inflation, his expenses went to 20,000 per month. Gold became 40,000 in one year.

Again he has two choices:

1) Reduce his expenses
2) Use his gold

So although the gold became 40k but till when can he use it? It will finish in 4 months. Savings are not unlimited and hike in gold prices can't help you much if your expenses are alot!

That's the main worry, how to fight inflation.

09-05-2011, 10:39 PM	#10
w3QHxwNb Join Date Oct 2005 Posts 530 Senior Member	Hazrat, For example: He earns 10,000 rs right now and his expenses are also 10,000. He's living hand to mouth without any savings. Due to inflation his expenses become 11,000 but he still earns 10,000. What will he do now? He has two options, 1) Bring his expenses under 10k 2) Use his savings. First one is easy, second is scary. Let us suppose he bought gold. The gold was worth 20,000. His income 10,000. Due to inflation, his expenses went to 20,000 per month. Gold became 40,000 in one year. Again he has two choices: 1) Reduce his expenses 2) Use his gold So although the gold became 40k but till when can he use it? It will finish in 4 months. Savings are not unlimited and hike in gold prices can't help you much if your expenses are alot! That's the main worry, how to fight inflation.
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