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Originally Posted by mishak
Good idea about this poll !
Intresting that there are no BuyAndHold investors. In fact, in February 13th, 1973 just after the second gold devaluation (when currencies were finally liberalized 30 years ago) 1 modern EUR was equal to 0.66 USD cents.  USD/JPY was 266.67.
So if you had sold USD then and buy DEM, you will earn 75% profit, equavalent to 2.56% annually without compounding. In JPY you got 140% profit, which comes to 4.66% annually.
Very good conservative investment - bet against the USD. |
Let's not forget inflation before we get too excited. Since 1973 The U.S. Dollar has lost 90% of it's value counting for American inflation. So if you would of held your money in EUR you still would have lost about 50% of your money after counting for inflation.
Isn't inflation evil?
