8 ms·
Except that the dollar typically paid an interest rate in the interval while the gold did not: https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
by hydraxis 6y ago
Except that the dollar typically paid an interest rate in the interval while the gold did not: https://www.macrotrends.net/2015/fed-funds-rate-historical-chart https://www.macrotrends.net/2015/fed-funds-rate-historical-c...
- roenxi 6y agoIt gets a bit awkward there because the interest return is afaik taxed as it is earned through income taxes while the gold return is capital and taxed at sale. I know in Australia if you are looking for wealth preservation it is a hands-down win for gold but I don't know enough about the US tax system to comment on what would happen. I suspect the returns are a lot less rosy and it turns out most of the real wealth ends up being transferred to the government.