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To: Eva

Actually, the worthless dollar are the main reason for the higher stock markets here. I gave up a while back trying to equate rising stock prices with values. It’s mostly about Fed Policy these days.


18 posted on 03/08/2013 10:19:55 AM PST by Rational Thought
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To: Rational Thought
Actually, the worthless dollar are the main reason for the higher stock markets here.

CORRECT!

Here is a comparison of Exxon stock and the price of gold at the time of Obama's inaugurations:

Jan 20, 2009

Exxon stock price per share = $ 78.04
Gold price per ounce = $ 853.25

Shares of Exxon needed to purchase 1 ounce of gold = 10.93

Jan 22, 2013

Exxon stock price per share = $ 91.73
Gold price per ounce = $ 1,690.50

Shares of Exxon needed to purchase 1 ounce of gold = 18.43


25 posted on 03/08/2013 11:23:19 AM PST by Iron Munro (I miss America, don't you?)
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