Normal
He did say "preserve" wealth, not invest hoping to grow etc.Gold, like anything that's rare, will hold value. Often, increase in "value" simply because someone else would be willing to pay higher for it.Sure it doesn't generate an income so it wouldn't be worth as much as an equivalent business/productive enterprise would. But it preserves wealth.If we follow your example... name one productive enterprise over the past 5,000 years that an ancestor could own, it compounds ever since... and still exists.Gold.
He did say "preserve" wealth, not invest hoping to grow etc.
Gold, like anything that's rare, will hold value. Often, increase in "value" simply because someone else would be willing to pay higher for it.
Sure it doesn't generate an income so it wouldn't be worth as much as an equivalent business/productive enterprise would. But it preserves wealth.
If we follow your example... name one productive enterprise over the past 5,000 years that an ancestor could own, it compounds ever since... and still exists.
Gold.
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