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The point is that interest does not always cover inflation. The fact that money was gold or paper back then makes no difference. Invested money can be lost.
by justincormack 11y ago
The point is that interest does not always cover inflation. The fact that money was gold or paper back then makes no difference. Invested money can be lost.
- Houshalter 11y agoWith a currency backed on gold there is no such thing as inflation. And in fact money tends to increase value over time, as the economy grows. Of course invested money can be lost, but on average it grows. The expected value of investing is almost always positive.