During the period of inflation, savings depreciated. Interest rates can't keep up with the pace of inflation and depreciation, so they are all called negative interest rates, just like 1 10,000 in the 1990s and 1 10,000 now. At that time 1 10,000 was equivalent to the purchasing power of 20 million now.

In fact, the stock market has great opportunities, but it is not that senior investors do not recommend it.

Take industry as an example, the interest rate is high, all the funds are lent out, and no one is engaged in industry, so the financing interest rate is high and the risk is high.

Now the signs of a hard landing are obvious. Gold has soared to 1.850/ oz, showing signs of overbought. In addition, the United States hopes to withdraw from QE3 to avoid a double dip, so holding precious metals is still a wise choice. Don't say that precious metals are already expensive. You know, the current currency is completely linked to credit. Once the Fed prints money, the currency will depreciate.

Investment and wealth management products should focus on bond income, waiting for banks to cut interest rates.