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If you deposited $1000 (New Zealand dollars) in your bank account 1 year ago, and withdrew it to spend on goods today, it would have lost an average of 5.73% of its purchasing power. $1000 in cash from 1 year ago would buy you $942.70 worth of goods now.
If you invested that same $1000 in gold 1 year ago, the gold would have gained an average of 13.06% more purchasing power. $1000 in gold 1 year ago would buy you $1130.60 in goods now.
If you invested that same $1000 in silver 1 year ago, the silver would have gained an average of 10.74% more purchasing power. $1000 in silver 1 year ago would buy you $1107.40 in goods now.
So, which asset is wisest to hold?
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