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The author is an idiot. "If you had simply put $100 into gold, you would have turned $100 into $10,042. The number of dollars in the U.S. broad money supply in
by RecycledEle 2y ago
The author is an idiot.
"If you had simply put $100 into gold, you would have turned $100 into $10,042. The number of dollars in the U.S. broad money supply increased by more than 400x from 1928 through 2023."
The idiot ignores gold confiscation:https://www.usgoldbureau.com/gold-confiscation https://www.usgoldbureau.com/gold-confiscation
She might as well argue that she should have put her money in crack cocaine.
- RecycledEle 2y agoTo be clear, she says it would have been wise to buy gold in 1928, then commit a crime by not turning it in in 1933, and to have held it until today. I reject anyone who says "This illegal investment would have been better than ..." If she is going to compare historical investments, she at least needs to compare investments that were legal at that time.