Quote:
Originally Posted by signupdamnit
Yes but doesn't inflation eat an average of 3% per year?
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So? If you had let that $10k sit in under your mattress it would still be $10K today. If you bought $10k worth of gold in 1980 it would only be worth $21K today. So an investment that only yeilded 4% would have been the better choice. Of course in the 80's you could get 5% on a savings account and 10% on a 1 year CD.