SILVER 0.30% $15.25 silver futures

Gold miners are a 'currency'? Well I'm not a young man, but I've...

  1. 32,983 Posts.
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    Gold miners are a 'currency'? Well I'm not a young man, but I've never heard gold miners called a 'currency', which they quite obviously aren't. Can you take a gold share certificate to the local dairy?

    As I've also carefully explained, people don't keep their money in fiat, but you keep banging on about that for some very strange reason.

    Silver is not 'money', do you have any in your wallet?

    You've definitely been reading the conspiracy websites.....
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    However if you price all your investments in ounces of gold instead of fiat since 1971 you will see a markedly different picture. nominal gains versus real gains.
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    Why 1971? Why not go back to 1901?

    Total Stock Return Index, (includes dividends) +7,625,308%
    S+P 500, +54,514%
    Dow Jones, +49,189%
    Gold, +8,636%
    Silver, +4,055%

    https://hotcopper.com.au/data/attachments/3419/3419659-eee2fd6e985a23d9539446438400fe49.jpg

    Or you could even go back further.....


    https://hotcopper.com.au/data/attachments/3419/3419675-d58e262f8ba6e202ab934db660b29252.jpg
    https://en.wikipedia.org/wiki/Gold_as_an_investment


 
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