Is the top line adjusted for inflation?
As a store of value, Au seems to have worked well.
"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!
Discussion
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.