The Worst Investment of All Time?
Submitted by SIERRAHPBT on Mon, 06/01/2009 - 12:39
One investment, more than any other, has proven to be a terrible storehouse of value for well over 80 years.
While some disasters unfold rapidly (Enron, subprime mortgages, etc.), this investment’s decline has occurred in slow motion, losing an average of 3.6% a year. Indeed, you can hardly find a period in the last 89 years in which this investment actually MADE money.
That investment is the dollar.
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