The truckers’ strike comes on top of rising inflation that was already affecting us on a day-to-day basis. The conflict in Ukraine and the prevailing economic uncertainty do not give confidence in the stock markets. In a new episode of Estat de la Nació, Amadeu Vilaginés, from the 11Onze product team, explains how the collective purchase of gold can help us protect our savings.

The war in Ukraine is often cited as the main reason for the rise in inflation, but as Vilaginés explains: “The war in Ukraine is a key cause, but it is not the whole truth of the story. The debt overhang of states and the large amount of money that has been printed have caused the value of money to fall”.

In the face of the prevailing economic uncertainty, 11Onze works by leveraging its community-based nature to offer the best savings solutions to its clients. Precious metals offer unique inflation protection based on their intrinsic value, and gold is the ultimate safe-haven asset. “Ordinary people are seeing how their savings are losing value, and at 11Onze we offer the collective purchase of gold. An asset that has maintained its value for millennia, and that will allow us to maintain our purchasing power”, adds Vilaginés.

The intrinsic value of physical gold

Gold, unlike currencies and some stock market assets, does not carry credit risk and cannot be inflated. “As we are seeing, banks give us almost nothing for our savings. Gold is a physical asset, which we can touch, and it does not have the volatility that shares or other financial assets can have in the face of events such as sanctions against Russia”, Vilaginés points out.

At 11Onze we believe that the financial empowerment of people implies having the necessary financial education to understand why financial crises occur, and the tools to deal with the consequences of these economic downturns. Preciosos 11Onze was born as a tool for the 11Onze community to protect their savings in an extremely convulsive context. And as Vilaginès explains, “The response from our customers has been massive. Everyone has seen that in this situation there is strength in numbers”.

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.