/biz/ - Business & Finance

>>58408960
>in the past 20 years silver has doubled in value, but inflation has halved my money's value so that means silver has gone up quadripple (4x) in real value
sorry to say but both your logic and data are off kek
Silver was $7/oz in April 2004
Let's say you bought at $8/oz with tax/premiums included - you made 3.5x
Inflation reduces the value of the fiat that you got today tho, so since the cumulative inflation since 2004 is 66%, that's 3.5/1.66=2.1
so you're up +110% in 20 years
(in comparison, gold spot was ~$420 which turns into +244% in 20 years)