3 ms·

My unsubstantiated view is the growth of broad market index funds. Because billions coming in to buy and hold, why would it drop value?

• coned88 4y ago
  Because the money is funny money that's not real or robust. The US dollar has lost 85-96% of it's value since the early 70's. Just my view atleast
  • aynyc 4y ago
    The US dollar has lost 85-96% of it's value since the early 70's Can you explain that? I don't really understand that sentence.
    • chii 4y ago
      The argument they're making is that because the original value of the dollar is worth X amount of gold, until the 70's (where we got off the gold standard), the "actual", gold backed value would've been a constant multiple of the price of gold today (since gold's value is stable under this assumption), and thus, the dollar lost a bunch of value. i don't buy it, because the amount of possible goods/services purchasable today is much higher than back in the 70's.
      • aynyc 4y ago
        Ah, makes sense. I'm not sure I agree, but it's an interesting take.