This week the Dow Jones Industrial Average surged to 12,700, about where it was three years ago. You’re back to even, right? Not really. Over the same period Gold has risen 68%. It’s true the Dow in dollar terms is about the same over the last three years but when comparing it to the Dow in terms of gold — or real purchasing power — it’s another story. Based on this chart it would appear the Fed is a little late in protecting your dollar, wouldn’t you say?
Latest posts by E.J. Smith (see all)
- Even Nolan Ryan Had a Hard Time Transitioning to Retirement - January 19, 2018
- You’ve Read the Last Issue of Intelligence Report Now What? Part III - January 19, 2018
- The Truth Behind the S&P 500: Part VI - January 18, 2018