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> Mattel is looking over its various intellectual properties and imagining a Scrooge McDuck–sized swimming pool of cash. Pah, these small reporters with their

• deleted 2y ago
  [deleted]
• chongli 2y ago
  Also Scrooge’s cash was in the form of gold coins that appreciate in value as commodity gold does. If it were a silo full of fiat currency it would be depreciating with inflation!
  • rwmj 2y ago
    But better would be a swimming pool full of stock certificates.
    • Filligree 2y ago
      He tried that; it wasn’t better. Though arguably only due to Scrooge’s naivety.
      • foobarian 2y ago
        He probably got greedy and didn't stick to plain old boring index certificates and bonds.
  • adventured 2y ago
    Gold doesn't appreciate in value. It's an important distinction when considering investments. It tends to act as a store of value, that is it retains value. While the dollar price of gold goes up (now ~$2700 (!) as the dollar keeps imploding over time), that isn't the same as it appreciating in value. The dollar is losing value, gold is what is staying still in terms of value. And while that isn't always perfectly accurate (certainly gold sometimes varies upwards or downwards in value for various supply etc reasons), it tends to be mostly correct. The reason it's an important distinction is because eg the S&P500 will tend to smash gold over time as a value generative asset (because gold is not a productive, generative asset; gold holds value, the S&P500 generates value (profit/growth/etc)).
    • kobalsky 2y ago
      is there a gold to big mac index to track the valuation drift?
    • hotspot_one 2y ago
      yes, but... if you invested 1K USD in gold and 1K USDin a SP500 index fund in 1971, both of those investments would be worth the same dollar amount today. perhaps that's an artifact of gold's recent spike in price, but perhaps the SP500 is also in the middle of a giant bubble. https://www.macrotrends.net/1437/sp500-to-gold-ratio-chart https://www.macrotrends.net/1437/sp500-to-gold-ratio-chart Go ahead, cherry-pick some other dates to tell the story you want!
      • kgwgk 2y ago
        > both of those investments would be worth the same dollar amount today Only one of those investments would also have generated thousands of dollars of income in the meantime.
      • mywittyname 2y ago
        From what I can tell, this tracks just the S&P500 index, but ignores dividends. The S&P500 return with dividends reinvested since 1971 is $257 for every dollar invested. Gold is $8 for every dollar invested. And that's with 1971 being the lowest gold price in 100 years and the current price being nearly the highest in 100 years. For reference, the CPI inflation calculator puts inflation at 7.9x since 1971. So gold track inflation in the best case scenario.
  • chiph 2y ago
    Something I realized later was that gold is much denser than ducks. So Scrooge could not have dived into his silo of gold without injuries equivalent to diving onto a sidewalk. Ehh, it was still a great visual.
    • BobaFloutist 2y ago
      No, no, that's an explicit skill of his. A villain once steals his fortune with the goal of diving in line he does and just bounces off the surface, hurting themself.
    • bernds74 2y ago
      Donald could be pretty dense at times.
    • jandrese 2y ago
      People have noted this for some time and I think the comics even gave him a superpower where money can never hurt Scrooge.
    • qingcharles 2y ago
      Relevant: https://www.youtube.com/watch?v=viDL2W0HcJw https://www.youtube.com/watch?v=viDL2W0HcJw