Quote from: jtimon on September 15, 2011, 06:50:00 AM

Quote from: steelhouse on September 15, 2011, 03:57:52 AM

Where you are wrong: You don't consider hoarding and savings as an investment too.

Savings can be investments or not. But if you save by hoarding, that's not an investment.

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Quote from: steelhouse on September 15, 2011, 03:57:52 AM

Since 1802, the stock market has returned $600,000 after inflation for every dollar invested.

209 years to multiply your investment for 600,000 ?
Let's find the approximate interest..

1.0658 ^ 209 = 608449.62

So it's approximately a 6.58% interest rate. Are dividends that high? The stock market is probably a bubble.

The average 'saver' is not investing in the stock market, he is selling his fiat and hoarding stock. He is trying to retain value for his retirement against a devaluing currency but contributing very little to innovation through his purchase.