Re:The money I saved as a child would buy one picogram of go...
by Retric on Sunday April 17, 2022 @08:40PM
(#31066038)
You think in terms of money because that’s what your paid in, but for subsistence farmers who never deal in money it was the excess physical harvest etc.
Where investments differ is the possibility of returns above what was saved. A pound of gold is still going to be a pound of gold in 1,000 years, but land can provide rental income so you still have land but now you also have money or what or whatever.
What muddled the water is people used to have savings accounts that provided interest above inflation.
Where investments differ is the possibility of returns above what was saved. A pound of gold is still going to be a pound of gold in 1,000 years, but land can provide rental income so you still have land but now you also have money or what or whatever.
What muddled the water is people used to have savings accounts that provided interest above inflation.