Makes you want to put your savings under the mattress so no one knows how much you saved!!
Oh wait, it might burn in a house fire, better put it in a safe deposit box.
Oh wait, it is illegal to put cash into a safe deposit box.
Well I guess it doesn’t matter either way because its value would inflate away over time, so you MUST keep it on deposit somewhere.
On the other hand, if you save in Gold, no one knows what you have and it retains value.
Oh, but Gold is a dead asset, it pays no interest!
Gold does not need to pay interest as it is not a depreciating asset as a dollar is.
Just keep in mind that in the late sixties 20 ounces of gold was the equivalent of the Dow Jones industrial average.
Today the Dow is worth about 9 ounces of gold. So in 1960s if you had chosen 20 ounces of gold you’d have 28k and if you had chosen the Dow you’d have 13000.
Sounds like Gold was the better deal to me.
Oh wait, don’t forget that over the years the Dow was manipulated. Companies that fell in value were removed and replaced. Xerox was an example as was now defunct AMC motors. If the original Dow 30 was still in place it would be worth only a couple K.
It is true that the Dow stocks pay dividends and that needs to be put into the calculation and at the very most makes the manipulated Dow issue mute in comparison to Gold.
So the choice is to have numbers on a statement that are subject to Government inflation and confiscation or a chunk of Gold “that you can’t eat”.
It is true you can’t eat Gold but you can trade it for a thousand loafs of bread!
