IOW, the past 200 years have been a blip heading for a correction. /sarcasm
There are a lot of seemingly intelligent people who are crazy about homeopathic medicine too. There's a 1999 Cornell study (covered in a NYT article) that looked into how incompetent people tend to ignore or distort feedback
We see a lot of this looney economics on these threads.
The last hope for the Gold Bugs is that the economy collapses so badly the government falls, we become a country of anarchic warlords, "fiat" money is worthless, and with the gold coins they have stuffed in their mattresses they're able to become a warlord themselves.
And your lunatic chart showing the stock market growing a thousand-fold over the last 70 years is yet one more example.
Nice chart LOL. Notice that it's NOMINAL returns and not real (inflation adjusted) returns. Please rework for accruracy and resubmit.
BTW, cool graph. I knew I shoulda started investing in 1800 instead of waiting until 1973 when I was nineteen.