One way to hedge against inflation and earn passive income is investing in precious metals like gold and silver. Throughout history, gold has always been viewed as safe haven, particularly during turbulent times like wars. This is because unlike currency, gold has intrinsic value and has limited supply. Thus, gold prices usually move in opposite direction to the state of economy. If you are new to investing in gold, I strongly recommend you read the e-book, Gold Scams Exposed Guide by Paul Kruger. Steve Peters'e book,Buy Gold Like an Insider! is also highly recommended for gold newbies.
In Singapore, one of the easiest ways to invest in precious metals is by investing in UOB's gold/silver saving accounts.Based on my knowledge, UOB is the only bank that offers this type of investment to retail customers. This is equivalent to depositing a certain amount of money in the account and you can choose to buy and sell UNALLOCATED gold/silver through the passbook.Unallocated means you are not buying physical gold/silver and UOB will not store any gold/silver for you. Effectively, you are betting on the movement of gold/silver and converting your cash deposits into gold/silver in terms of value. UOB would charge a nominal administrative fees per month. Check out UOB website for more information.
With USA printing money like no business, investing in precious metals seem logical. UOB gold/silver account offers the easiest way for retail investors to take advantage of this wealth transfer. If you think that over the long run, gold/silver will appreciate in value, investing in UOB gold/silver accounts can be a good form of passice income. However, do exercise caution and invest within your means as investing in precious metals is never risk-free.