Money "saved" is not the same as money "invested". All investments by nature are risky - and often the greater the return, the greater the risk. But I do understand that younger people need to protect the value of their assets - often the safest is in property (but I would avoid commercial currently) and the least safe is sending to a Nigerian 'prince' so he will send back $5 million in gold! Money saved for medical requirements needs to be very liquid, not all investments are. It needs to be in a bank with easy access - but it definitely will be deflating in value as hardly any easy-access accounts give above inflation rates. That is not to say it is safe as there is no 'absolute safety' - banks go bust, governments may not have the money to replace it (unless they keep printing, but that trick will one day lead to a meltdown), money under the mattress is lost in a fire or by governments eliminating certain currency overnight. Life is risk, of course. But for anyone thinking of having 'safe' liquid cash, then stocks and shares are too risky, property is too illiquid (and subject to value crashes). I hold cash in the home, cash in various banks, gold in a vault, one property and no shares or stocks (I am too old to do that). As most members here are elderly (SORRY!) then they need to think safe - but I accept younger people can think 'risk', as we know they do.