> You said the medieval equivalent of an index fund, which tracks the economy. The economy grew faster than gold.
Yes, but they still own shares in specific companies. Investing in an index fund is not the same thing as investing in GDP.
> Obviously there was no index fund, but no one in medieval times tried to get rich by buying gold and sitting on it. They used other methods.
The point is that simply maintaining your wealth from pre-modern times to the present would be an incredible feat, that someone who simply hoarded gold would have achieved.
Yes, but they still own shares in specific companies. Investing in an index fund is not the same thing as investing in GDP.
> Obviously there was no index fund, but no one in medieval times tried to get rich by buying gold and sitting on it. They used other methods.
The point is that simply maintaining your wealth from pre-modern times to the present would be an incredible feat, that someone who simply hoarded gold would have achieved.