While everyone are bracing themselves for the impending implementation of GST by 6% next year 1st April 2015 and our government seem do not fail to surprise many of us of the fuel price increase by another 20 cents per liter with immediate effect 2nd Oct 2014. For your info, our Malaysian government has increased fuel prices almost every year or otherwise bi-yearly affair without fail.
The past reasons given was international oil price increases hence we have to follow in tandem but now the international oil price has dipped below than USD95.00 per barrel the lowest in 2 years but our fuel price increased instead ! That does not make sense right ?
You can forget about all the reasons given to us whether they are valid or make any sense or not because we are just an ordinary citizen of the country and we follow what our government says.
But what if you can do something to help protect yourself from inflation. Inflation means your money are getting lesser value or becoming smaller hence everything become more expensive. Some people buys properties, paintings and numismatics because the prices keep increasing overtime. As for numismatics new collectors are increasing each month and supply are limited. With the continuous swelling demand against the backdrop of limited supply this will ensued to increase in prices.
These are the best options to hedge against inflation.
Happy reading.
Andrew
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