• jordanlund@lemmy.worldOPM
      link
      fedilink
      arrow-up
      9
      ·
      edit-2
      5 months ago

      True story… when my kid got married and bought a house 5 years ago, I gifted them an ounce of gold. $1,800 then. $2,470.32.

      So +$670.32! Yay!

      But over 5 years? :(

      $134.064 / year.

      • raspberriesareyummy@lemmy.world
        link
        fedilink
        arrow-up
        6
        ·
        5 months ago

        But over 5 years? :(

        Erm - 6.5% interest rate is a decent inflation compensation. If there wasn’t a risk even with gold, I’d use gold as my “secure savings” account.