When we calculate the Dow in Gold terms, there is no rally, just a slow decline. For example: In 2000, Gold hit a low of roughly $260 per ounce. The Dow in January 2000 stood about the same as it does today. So, if we take this as a measure: 10,900 (Dow January 2000) / $260 per ounce = 41.9 ounces was needed to buy the index. Today at 10,900 DJII and $1,050 Gold, it takes only slightly more than 9.3 oz to buy the DJII.
via www.learcapital.com
This is part of a bigger article analyzing the US economy, world economy and gold.
It is a very interesting read, for people who want to think.
Error: Unable to create directory wp-content/uploads/2024/05. Is its parent directory writable by the server?
About waynem
As a Minnesota based photographer and artist I have been greatly influenced by the Upper Midwest. I focus my skills and energies on portraits, landscapes, cityscapes, architectural and fine art work.
My best work comes from images first painted in my mind. I mull over a prospective image for weeks or months, seeing it from different angles and perspectives, then finally deciding what to capture. The result is images that deeply touch people's emotions and powerfully evoke memories and dreams.
My images are used commercially by companies and organizations ranging from Financial Services firms, mom and pop Ice Cream shops and The Basilica of St Mary to communicate their shared vision and values. Book and magazine publishers have featured my images on their covers. My photographs also grace and enhance the decor of many fine homes.
