Over the past few years, the rate of inflation in my country has outpaced the interest on my savings account, meaning that I have been losing money as its value has dropped faster than its quantity has increased. This has occurred despite the economy undergoing nearly unprecedented growth.
I do not have high hopes of inflation decreasing in the future, especially should another economic crisis occur. This situation generally resembles having all of my money invested in a stock that is on a downward trend with nothing suggesting it's going to change. The proper response would be to sell the stock, which is what I'd like to do now.
What should I convert money to in order to preserve, or preferably increase its value while accruing as little risk as possible?
Should I Invest in rare metals like gold?
Should I convert it to a different currency that has a lower inflation rate? Wouldn't the conversion fee be too high?