3 ms·
> and your pet rock doesn’t pay you any rent for living in your house! Neither does dollars. The argument isn’t that gold is better than stocks. The argument i
by klustregrif 1y ago
> and your pet rock doesn’t pay you any rent for living in your house!
Neither does dollars. The argument isn’t that gold is better than stocks. The argument is that the stockmarket looks like it’s doing ok but only when denominated in dollars and only because the real value of dollars is plummeting.
Now I’m not saying that I support the argument, but that’s what people put forwards from the “denominate everything in gold instead of fiat” crowd.
- flave 1y agoDollar do pay rent (just buy T bonds) and the comparison here is not with dollars - it’s with the MSCI which pays dividends.