As mentioned previously Skol, you can't just measure based on "nominal" terms because that is not the true picture. So, let me help you out again - just for clarity...
- What is any bank's "stock in trade"? That's right - fiat currency! Is there any "counter party risk" associated with fiat currency? You betcha!
- What is the "counter party risk" associated with Gold? That's right - none!
- But, most importantly, in "real" terms - you have to look at the purchasing power of the two assets....
Firstly, given gold is priced in US dollars - you need to see whether the Aussie dollar has retained its value against the USD. Let's check...
Damn - 76% down. Oh well, let's see how the Aussie dollar fared against gold itself...
Here's the source for some more reading...https://www.asgoodasgoldaus.com.au/blog/australias-dollar-has-collapsed-76-in-21-years/
Lastly, isn't it telling how banks (& CBA in particular) survive - despite the amount of fraud that goes on within their "crumbling" walls....
https://www.abc.net.au/news/2019-10-04/cba-faces-criminal-charges-comminsure-scandal/11573790
disallowed/national/nsw/bank-manager-hid-employee-s-fraud-to-hide-his-own-500-000-fraud-police-say-20190522-p51pzu.html
https://www.itnews.com.au/news/cba-agrees-to-700m-penalty-in-atm-fraud-case-492584
https://www.bankreformnow.com.au/stories/bank-fraud
Now - do I buy bank shares (with dividends) or gold/silver??
