eagleseven
Quod Erat Demonstrandum
Gold is far more constant than the US$, in terms of real value.Further, measured objectively (in un-inflated currency), the stock market is far worse today than it was in 2001. Below is the Dow Jones Industrial average, priced in gold, not US$.
Does that look like an improvement to you? The MSM are dupes...
That might actually mean something if gold was some sort of universal constant.
Since the US$ lost 25% of its value since 2001, comparing the raw Dow numbers from 2001 and today is comparing apples and oranges.
From a purchasing power perspective (which is the most real measure of a nation's wealth), the stock market is far worse than it was in 2001. That's a fact.
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