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Us GDP to debt ratio is not dramatically worse compared to where it was 30-50 years ago if you just look at how other countries were during this period Boomers
by Der_Einzige 7y ago
Us GDP to debt ratio is not dramatically worse compared to where it was 30-50 years ago if you just look at how other countries were during this period
Boomers are the ones who tell you to be scared of the debt. Same boomers tell me that gold is the best investment
- ericd 7y agoWell, Boomers remember the 70s, and gold has done extremely well vs USD since then.
- learc83 7y agoBut not well vs stocks. Gold still hasn't recovered to it's all time high from ~10 years ago.
- ericd 7y agoIt's done ok, it's at about 45x its 1970 price in nominal terms, something like 5x in real. More importantly, as an uncorrelated asset to help buffer against crises in a portfolio strategy, it's actually done very well. I'm certainly not advocating that anyone go 100% gold, but it gets hated on more than it deserves.