Twenty years ago in 2000, there were more people who could spend 654.38 million yuan in 2000 than those who could spend 654.38 million yuan in the 1980s. Although there are many people who can come up with 6.5438+10,000 yuan, it is not the average person who can come up with 6.5438+10,000 yuan. Most of them are the first people to catch up with the upsurge of reform and opening up. Because in 2000, according to the average annual salary of employees in urban units nationwide of 937 1 yuan, the monthly salary was only 780.9 yuan, and it took about 10.5 years to save 10 yuan, so people who saved100000 in 2000 can already be regarded as rich. In 2000, buying a house was not so popular. Most people still choose to put their money in the bank after they have money, but some people are optimistic that gold can fight inflation and are keen to buy gold. So if one person bought gold at that time and another person put the same money in the bank, what is the value now? Which financial management method is more cost-effective?

Buy gold

The chart below shows the gold price trend of London gold in 2000. From the chart, we can see that the highest price of gold in that year was 3 12.70 USD/oz, the lowest price was 263.8 USD/oz, and the average annual price was 279.05438+0 USD/oz. Let's take the average price of 279.05438+0 USD/oz as an example. 1 ounce of gold is equal to 3 1. 1 gram, that is, one gram of gold was almost $8.97 at that time, and the exchange rate of RMB against the US dollar in 2000 was 1:8.27, that is, 1 gram of gold was almost 74.1gram at that time.

So far, the price of gold is 17 1 1 USD/oz, and the price of almost one gram of gold is 55 USD. According to the current exchange rate 1:7, it is almost 385 RMB per gram. So, it was 1 10,000 RMB bought 20 years ago 1347.89. It has increased nearly five times in the past 20 years. If it is more cost-effective simply from the figures, if we compare the inflation rate in the past 20 years, we will find that buying gold can't run away from inflation. In particular, many people who like to buy gold jewelry, for gold shops, but also add manual fees. At that time, the price they bought may not be as cheap as 74. 19 yuan, but now recycling will obviously give you a discount on the gold price, so the final income of this investment may only be about 400,000.

Ordinary bank

As can be seen from the following figure, the interest rate of five-year time deposit in 2000 was only 2.88%. If the deposit of 65,438+was fixed for five years at that time, the sum of principal and interest to 20 15 would be 65,438+188% * 5 =11448. In 2005, the five-year fixed interest rate was 3.6%, and the five-year fixed interest rate was 1 1.44 million, and 201.44 million * 3.6% * 5. 20 10 The interest rate of five-year time deposit is 4.2%, and it is deposited in five-year time deposit135,000 yuan. To 20135,000 yuan, the sum of principal and interest is135,000 yuan * 4.2% * 5 =163,000 yuan; The interest rate of 20 15-year fixed deposit is 3.75%, so by 2020, the sum of the principal and interest of this deposit will be163,000+163,000 * 3.75% * 5 =193,000.

That is to say, in 2000, 654.38 million yuan was deposited in the bank. By 2020, the sum of principal and interest will only be1930,000, of which the interest is only 93,000, which is far lower than the 400,000 income from buying gold. Of these two investments, buying gold is more profitable than depositing it in the bank.

To sum up, among the two investments, the person who buys gold is more valuable now, but for the inflation in the past 20 years, holding gold can't win inflation. In fact, we also look at the past with our present eyes. If there were 654.38 million yuan in 2000, perhaps what Bian Xiao could do was to deposit it in the bank.