The US Dollar Has Lost 95% of Its Value Over the Past 100 Years
This great chart above from Axel Merk. He writes,
Investors holding cash have lost over 95% of their purchasing power since 1913. To derive this number, we debase the dollar’s purchasing power annually by the Consumer Price Index (CPI). It’s this gradual debasement that is supposed to encourage us to take risks, to preserve our purchasing power. Think of being put into a mouse wheel: even as you run fast, you are not advancing.
Source: Fishing for Gold (Merk Investments)