http://lifehacker.com/5817597/five-best-banks-for-high+interest-savings-accounts list top five savings rates as:
Capital One: 1.10% (minimum $1,000 balance)
Ally: 1.04%
SmartyPig: 1.10%
ING Direct: 1.00%
Discover: 1.15% (minimum $500 balance)
The top five are under 1.25%. Meanwhile, the real inflation rate http://www.shadowstats.com/alternate_data/inflation-charts as of May is 11%
If you were to store $1,000 USD of fiat currency for one year with the "best" saving bank you would have $1,011.50 or a gain of $11.50
If the real rate of inflation is 11%, that mean you are losing 10% of your purchasing power per year. I can see why this is a hidden tax as your saving account does not display a loss of 10% or $100
If you look at Gold's % Annual Change http://www.goldmoney.com/gold-research/gold-rises-in-2010-to-end-a-stellar-decade.html?print it has averaged 18.4% from 2001-2010. You would have not only maintained your purchasing power, but increased it. For those who say gold is risky, this displays saving fiat currency is risky.
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