Mene 24k vs. Series EE Savings Bond
Recently I came across some Series EE savings bonds. Here’s a brief explanation on how they work:
https://www.fool.com/investing/general/2015/04/15/how-do-savings-bonds-work.aspx
Double my money after a short 20 years! That sounds great!!!
To be fair, since savings bonds are supposed to be very low risk, we wouldn’t expect them to be a vehicle for massive capital appreciation.
Also to be fair, since they are SAVINGS bond, it would be fair to compare them to another vehicle I would consider savings:
We will use an approximate 20 year time frame (18) because that is what is used in the example above, and that is what I found an old shoe box as part of these:
A 30 year series ee bond from 12\2000 looks like this:
The bond did in fact double in value in almost 18 years.
For the purpose of this blog we are not going to factor in inflation.
Or any of this:
https://www.fool.com/investing/general/2015/04/15/how-do-savings-bonds-work.aspx
Now let’s compare to gold.
First, lets do a surface comparison:
Name: Series EE bond <——- weird name, no one really knows what it is
Name: Gold <————- simple name, easy to say and understand
Visuals?
Bond: 2 dimensional, boring, flat
Gold: 3 dimensional, beautiful, vibrant
For a performance comparison:
https://www.goldmoney.com/research/live-prices-and-charts
Remember, this comparison is not supposed to be about price appreciation neccesarily, it is supposed to show two safer savings assets.
I would never compare gold to bitcoin for example, because they serve completely different functions in a portfolio.
In addition, what unit would you even use for gold against bitcoin? I often see the laughable comparison of the completely artibrary measurement of 1 oz of gold vs. 1 bitcoin.
Hilarious.
Read more on that topic here: https://www.goldmoney.com/research/goldmoney-insights/are-bitcoins-now-more-valuable-than-gold
Thinking about this makes me need this:
We can see clearly that over long periods of time gold performs better than any other SAVINGS asset.
And if we are going to own gold.... why not do it in a way that makes us look and feel great!
——— > For $5 in Menē 24k investment jewelry credit sign up here in 30 seconds: http://Mene.com/invite/JrT26p
Instead of a dusty old bond in a shoebox somewhere...
You could be rocking this!
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
To find out more about what Menē 24 karat gold and platinum investment jewelry is from your fellow Steemians :
https://steemit.com/steemit/@goldmatters/what-in-the-world-is-mene24k-35-well-researched-blog-style-essays-contest-winners
Or
https://steemit.com/mene24k/@goldmatters/what-is-mene-24-karat-platinum-and-gold-jewelry-valentine-s-day-gift-winner
To find out more about what Goldmoney is from your fellow Steemians : https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-winners
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
For Menē 24k investment jewelry here: http://Mene.com/invite/JrT26p
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
All images sourced from Menē and Goldmoney.
Read more about Goldmoney: https://steemit.com/@goldmatters
I will let famous Steemian @coruscate explain:
Thanks for bringing the topic of bonds up here on steemit.
I think bonds are not fit or qualified to be ever compared to jewelry. They are a scam from the time they are issued. While they accrue interest in drops but the inflation compounds for 20 years making the idea of doubling the money a loss. A lot of currencies in the world have lost more than half the value in ten years, let alone twenty.
Bullion has quadrupled (it was $250in 1998) and crypto has grown thousand folds.
I'll take Bullion in form of Mene every single time.
I should have had your write this blog lol
Got a little too happy and excited after that praise
Lol
My parents bought me a few bonds when I was first born. They were extremely poor, so to dish out $60, for $120 worth of future bonds was A LOT of money for them way back when, and is sadly such a small amount of money now. Had they invested in gold, it would have definitely been a better return on their money, but I so appreciate the gesture either way!
Interesting article, as always!
Its awesome that your parents looked out for you :) and actually you are totally right, $120 was actually a lot of money for anyone when your parents probably bought the bonds (not that im saying you are old!!) due to the loss of purchasing power and inflation $120 isn’t nearly worth what it is then, now. Let’s buy some gold!!!
What i think is gold and bitcoin has their differences.. I remember a while ago people were investing money on gold they can lay there hands to.
I asked a man buy why does he need to buy gold? He said son "gold will always be the treasures of life" i think Gold has more value than bitcoin! Thanks for sharing @goldmatters
Good story
Cant compare gold against bonds. Not only has gold gone up more over this period of time but you don't pay tax when you re sell it. Mene gives you the value back less 10% with no tax. I am correct in saying that Goldmatters?
Yes, you can sell back to Menē less 10% that is correct !
Thank you for your continued support of SteemSilverGold
Thanks ssg
Gold equal to money.
Thats right
Too bad you didn’t factor in inflation. Gold would have shone even brighter! 😉
Absolutely!
Rather than a savings bond, how a bout a US Gold certificate? Amazing that the United States used to use #goldmoney.
I'd still take a Menē 24 karat gold and platinum investment over a paper certificate. @ironshield
Me too! 100% I think I have a gold certificate around here somewhere....
I respect the idea of not comparing gold with crude currency or other form of investment.
Gold is good for fashion now, and it will end up multiplying your investment on the long run.
The longer the better, that's the beauty of gold, and that's why investing in mene remain one of the wisest way to secure your future.
Well said
Thank you.
any kind of government bonds is just a way to scam investors money. Seriously, double the value of your investment in, freakin 20 years??? Are you kidding me? What that really means is that either inflation is going off the roof and the intrinsic value of your dollars cannot keep up. Sorry, but no thank you.
I'll take Mene gold hands down. At least I know I have some real value in gold instead of fiat currency.
Good choice