money is losing its purchasing power if you keep it on deposit

Marc Faber : "The absolute level of interest rates doesn’t tell you whether there is tightening or not. In China, they increased the interest rates over the several times. But with inflation running at between 8-10% per annum and the deposit rate at 3.25%, money is losing its purchasing power if you keep it on deposit,"



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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.