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

[searcher]

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.

 

[BigJim]

Well, no one here has an account that has been collecting interest for 2500 years.
The question is, which is better insurance?

 

[Goldbrix]

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.

 

[Bottom Feeder]

Try to leave yer bukazoids in the bank for 2500 years and the bank will claim it as "abandoned" in the first hundred years.

 

[pmbug]

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.

 

[Edsl48]

Try to leave yer bukazoids in the bank for 2500 years and the bank will claim it as "abandoned" in the first hundred years.

5 years here in Illinois for the state to grab it