Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold is the Worst Investment in History
>
Reply to Thread
Message:
<p>[QUOTE="Blaubart, post: 2108775, member: 37498"]Sorry for replying to such an old thread, but I've been away for a bit.</p><p><br /></p><p>Can you prove you point? I can prove mine.</p><p><br /></p><p>You said that an investment of $1, earning 7% interest for 200 years would grow to $755,000. Mathematically that is true. One can use the formula A=P(1+r/n)^nt or just plop the numbers into a spreadsheet for a brute force calculation of the interest. Both methods yield roughly $755,000.</p><p><br /></p><p>However, if you start with $1, and you end with $755,000, then you have not factored inflation into the result. That is a fact, plain and simple. Both numbers are measured in the same year's value, either from 200 years ago, or from today. Given that the value of $1 worth of gold was adjusted for inflation, then we are not comparing apples to apples.</p><p><br /></p><p>If you disagree, perhaps you can demonstrate how inflation was factored into the calculation. Good luck! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 2108775, member: 37498"]Sorry for replying to such an old thread, but I've been away for a bit. Can you prove you point? I can prove mine. You said that an investment of $1, earning 7% interest for 200 years would grow to $755,000. Mathematically that is true. One can use the formula A=P(1+r/n)^nt or just plop the numbers into a spreadsheet for a brute force calculation of the interest. Both methods yield roughly $755,000. However, if you start with $1, and you end with $755,000, then you have not factored inflation into the result. That is a fact, plain and simple. Both numbers are measured in the same year's value, either from 200 years ago, or from today. Given that the value of $1 worth of gold was adjusted for inflation, then we are not comparing apples to apples. If you disagree, perhaps you can demonstrate how inflation was factored into the calculation. Good luck! ;)[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold is the Worst Investment in History
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...