"Invest in index funds, because you're protected through diversification and you earn a good return over the long term."
- probably your financial advisor
This is the SPX total return measured in USD (top line) and in Gold (bottom line). How's that 8-10% per year, adjusted for inflation, "return" going for you? 🤡
Thanks to nostr:npub1tccnjexzau3x5ea8c69v047nqfy3xm4w4yl9j788sts0usl87nhsvce6fh for the chart!
I want a chart with 3 lines:
Stocks(Dow/s&p/whatever) in USD,
Stocks in Gold,
Stocks in bitcoin.
This chart, if it exists, will convert more stonks and gold bugs than any other chart or meme.
I think this is what you're looking for:
https://www.pricedinbitcoin21.com/landing
As for converting TradFi bros and gold bugs, unless they're intellectually honest, I don't have high hopes of them being converted by a chart clearly showing them how they're actually losing.
You can just using trading view and divide them
Diversification is for people who don't know what will win, Warren Buffet paraphrased.
I know bitcoin will win.
I don't know that #Bitcoin will for sure win. All I know is that fiat currencies will continue to lose value and stonks, as shown here, are not "going up".
This leaves me with #Bitcoin as having the best chance to succeed, given its track record. I'm ready to go down with the ship.
Is the top line adjusted for inflation?
As a store of value, Au seems to have worked well.
Define inflation
Not trying to argue, trying to compare apples to apples. I think whatever definition you're using should work for me!
Not saying you are, but it's important to define what you mean by inflation.
As far as I can tell, the top line shows nominal returns, while the bottom line measures those nominal returns in gold.
