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When you start adding conditions for what "counts" and "doesn't count", you're probably not being impartial. $35 turns into $600 from 1933-now, just from infla
by jbooth 14y ago
When you start adding conditions for what "counts" and "doesn't count", you're probably not being impartial.
$35 turns into $600 from 1933-now, just from inflation. Invested in gold, it gets double that, and in stocks, it gets 15X that. Those are the statistics on the matter.
- bitcartel 14y agoIf you put 35 dollar bills in a box in 1933 and open it up today in 2013, you still only have 35 dollar bills, physically in your hand. You can look at the purchasing power of $35 in 1933 vs 2013, but you don't have $600 physically in your hands to spend. If anything, the purchasing power shows that paper bills have lost value whereas gold has gained value. In 1933, $35 could buy you 1 ounce of gold, whereas today's equivalent of $600 only buys you ~1/3 ounce. My original post specifically talked about locking $35 in a box, so conditions haven't changed. Also I'm not claiming that gold is the best investment over time.