The money I saved as a child would buy one picogram of gold today

Re:The money I saved as a child would buy one picogram of go... by JumpCrisscross on Sunday April 17, 2022 @04:17PM (#31064057)

> you “save money” by purchasing non-cash assets like stocks

Bonds aren’t great for building wealth. But they’re fine for preserving it. Saving money via a mix of inflation-indexed and fixed-yield debt will generally preserve your purchasing power over long time intervals.

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Re:The money I saved as a child would buy one picogram of go... by markvdb on Sunday April 17, 2022 @04:54PM (#31064419)

While that has been true for the US the past ~250 years, the US are to some extent an anomaly.

Most of the world has seen bond owners get eaten almost completely really. Almost all of Africa, large swathes of Asia, much of Europe including Germany and Russia, most of South America...

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Re:The money I saved as a child would buy one picogram of go... by JumpCrisscross on Sunday April 17, 2022 @04:59PM (#31064460)

> all of Africa, large swathes of Asia, much of Europe including Germany and Russia, most of South America

Were any of these seen, contemporaneously, as low-risk?

The backfire sovereigns in the last 100 years were limited to Austria-Hungary and the Dutch, trading economies derailed by war. The others aren’t trading nations, or were well-established basket cases when they issued their debt.

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Re:The money I saved as a child would buy one picogram of go... by rileymat2 on Sunday April 17, 2022 @04:31PM (#31064180)

There should be a giant disclaimer, this somewhat true for inflation indexed bonds, if you can hold bonds to the maturity date. If not, all bets are off.

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