Compound Interest Vs. Silver Over 2500 Years: What is The Better Investment?

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Just an interesting / entertaining walk & talk with Nick. 14 mins.



Is compound interest or silver the better investment over a 2500 year period? I am at the Parthenon on the Acropolis in Athens Greece. I look at what the daily salary was of a worker at the Parthenon which was built about 2500 years ago. The workers were paid 1 silver Drachma coin a day. I look at what that coin could buy back then and also the current day silver value of the 1 Drachma coin. What if that ancient Greek worker was able to put the dollar value of that coin into a bank earning compound interest 2500 years ago. How much would it be worth today? So which is really the better investment, the compound interest from a bank or holding onto to a silver coin for 2500 years?

I also calculate the compound interest for a US penny over this time period and see what it would be worth today. You will be shocked how much a penny back then at 5% compound interest for 2500 years would be worth today.
 
Well, no one here has an account that has been collecting interest for 2500 years.
The question is, which is better insurance?
 
Plus due to market manipulation since 1980s the actual Physical SPOT price of silver is not a Supply v Demand result .
The guy must have watched Chuck Woolery's gold commercial doing the same thing with gold vs the usd prizes Wheel of Fortune started with.
 
A small quibble. A really small quibble, but... silver drachmas survived 2,500 years and still hold value today. No bank or fiat currency has ever survived 2,500 years.
 
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