/biz/ - Business & Finance

>>20947707
God bless the pandemic! Boomers and roasties BTFO!

>gold is a store of value
lol wut no
current spot price of gold = $1,251.50
current price of gold (apmex) = $1,301.59
in other words you lose 3.85% of your wealth instantly just buy buying gold because of the spread between the market price and spot price

>fiat isn't because of inflation
inflation rate is 1.9%
you can get 2.05% from just putting your money in a high interest savings account
so if you hold your wealth in cash it actually grows at 0.15% per annum

the gold return over the past decade has been 0.1% per annum
so in other word if you buy gold you lose 3.85% instantly + 0.05% annually
gold isn't a store of value