Inflation , what to do with savings?

Question

I have been saving a lot of money over the past years, and I use that money to shop, most of the time in England, Spain and sometimes in Poland because its cheaper, or at least was when 1GBP =5.5PLN

but now its 1GBP=4PLN

However most of my money Ive been saving is in euros now, so my question is, is euro falling?

What should i do, should i leave it in euro if euro is rising, should I convert to GBP, or to PLN

Answer 1

DONT INVEST IN GOLD! As the US dollar begins to rally, the value of gold goes down significantly just about every day. As fuel prices go down, all other prices of goods go down as well. AS all other prices go down (including gold and silver), the US dollar becomes more valuable. Its easier to trade currency than gold so investers would rather trade the dollar bill (its more of a liguid investment). The Euro is currently in a decline, and that goes hand in hand with the value of the US dollar increasing. Now is when you should invest in technology. Look up "SPWR" (sunpower corp). Shares prices are relativly low right now but they have been steadily increasing and i think have a $136 52 week high selling for 70 right now....they're on their way back up...trust me. AS fuel becomes less and less in demand, other sources of energy become in higher demand. So get the solar energy stocks and lithium ion stocks cheap when you can. They are guarenteed to soar within a few months.  

Answer 2

yes euro is fallin nto as bad as dollars however, with your savings you should try to find a gud company to invest in.

One very gud advice is to invets in gold. In bad times the value of gold wil always go up.

Dont invest in ne other currencies as inflation is eatin up most of it sooner or later anyway.

Answer 3

Might not be a bad idea to keep the savings in the currency you expect to spend it in.