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Was the 401(k) a Mistake? How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold. (www.nytimes.com)

submitted 6 months ago by Blaze@reddthat.com to c/personalfinance@lemmy.ml

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[–] TranscendentalEmpire@lemm.ee 11 points 6 months ago (1 children)

Okay, well technically it inflates by 1.8% per year, but at least that's steady and predictable.

Where are you getting that info from? The price and value of gold is insanely volatile, its value often changes based on people's confidence in fiat currency.

Gold doesn't have an inherent value, and is just as easily manipulated by governments as fiat currency. FDR changed the value of gold to print more money to sustain the recovery after the depression.

[–] shortwavesurfer@monero.town 0 points 6 months ago

World gold council