How to save?
50 sats \ 0 replies \ @freetx 21 Jan
it really is one of the biggest changes that has happen during last 50 years: savings / investing has been 100% conflated.
1 oz of Gold in 1971 was $35 / 1 barrel of oil was $3.50, so you got 10 barrels for that
Two scenarios:
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Put that 1 oz coin in sock drawer and forget about for 50 years. In 2021 take out again and exchange for 21 barrels of oil (yay computer boom, yay efficiency)
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Sell coin in 1971 and send fiat to NYC and pay ever changing series of "fund managers" to manage that money for you. Cashout in 50 years (and PAY TAX), and maybe you get 27 barrels of oil....so yes marginally better return but huge increase in counter-party risk.
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