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Is anybody still buying silver and gold?
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<p>[QUOTE="WingedLiberty, post: 1238833, member: 26030"]The weakening of the Dollar is striking since 2001. Take a look at this chart of the Dow Jones Index Stock Market Price priced in Ounces of Gold from 1996 to the present. The scale on the left shows you how many ounces of Gold it took to buy the Dow Jones Index in any given year over the past 15 years. </p><p><br /></p><p>Today the Dow is a 11,477 and Gold is $1660, so today it takes 6.9 ounces of gold to buy the Dow. Back in 2001, it took about 40 ounces of Gold to buy the Dow. The price of the Dow in Gold terms has been basically declining for the past 10 years. At the March 2009 Stock Market lows, it took only 6 ounces of Gold to buy the Dow -- so we are approaching that historic low again (at Today's 6.9 ounces of Gold level).</p><p><br /></p><p> In other words, any stock market gain in the past 10 years has been an illusion, it's really just a measure of how much the dollar has declined. In real (hard) money terms (namely Gold) the Dow has been going down, down, down for a decade.</p><p><br /></p><p>When all the talking heads on TV talk about how much we have "recovered" since the historic lows set in early 2009, think of this chart and laugh (or cry).</p><p><br /></p><p>[ATTACH]132438.vB[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1238833, member: 26030"]The weakening of the Dollar is striking since 2001. Take a look at this chart of the Dow Jones Index Stock Market Price priced in Ounces of Gold from 1996 to the present. The scale on the left shows you how many ounces of Gold it took to buy the Dow Jones Index in any given year over the past 15 years. Today the Dow is a 11,477 and Gold is $1660, so today it takes 6.9 ounces of gold to buy the Dow. Back in 2001, it took about 40 ounces of Gold to buy the Dow. The price of the Dow in Gold terms has been basically declining for the past 10 years. At the March 2009 Stock Market lows, it took only 6 ounces of Gold to buy the Dow -- so we are approaching that historic low again (at Today's 6.9 ounces of Gold level). In other words, any stock market gain in the past 10 years has been an illusion, it's really just a measure of how much the dollar has declined. In real (hard) money terms (namely Gold) the Dow has been going down, down, down for a decade. When all the talking heads on TV talk about how much we have "recovered" since the historic lows set in early 2009, think of this chart and laugh (or cry). [ATTACH]132438.vB[/ATTACH][/QUOTE]
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