Quote:
Originally Posted by NMcNasty
Its not a snapshot. Interest rates, on average, have been terrible for at least a decade and look to be terrible for at least the next few decades. Your graph has nothing about savings accounts which is especially difficult and irrelevant to define when we're going back to 1800 and I haven't discussed gold in any way and don't really care to.
Are you a millenial or something? It's like you know nothing about the history of the last century.
Rates have been low after great depressions (the GFC was the last one) and always recovered. If you think they're going to be terrible for "at least a few decades", well, that's some amazing predicting ability.
Banks have typically paid savings account rates very close to the money market/risk free rate.
Quote:
So we're up to 4.5% I see now, k.
Yes, that's the long term rate of return for the last 100 years. Going back further it's more.
Anyway, this whole discussion started when someone claimed that hodling fiat long term was bad, when actually the opposite is true. Hodling static, inflation beating assets like gold is bad and holding fiat is very, very good for your wealth.
Last edited by ToothSayer; 12-09-2018 at 07:17 PM.
Reason: nicer