and the real CPI much higher
Are the markets acting like we're in a recession? Tell us again why it is that you and the bozos at Financial Sense know so much more than all the people in these markets.
"While the Dow has been making record new highs,
when compared to gold, it has been steadily falling
since its peak in 2000. What this means is that the
average stock investor with no exposure to gold has
been duped into thinking that he or she is getting
ahead when what they are really experiencing
is a simple case of paper asset inflation. They are
in reality losing purchasing power when compared
to a constant store of true value, i.e, gold.
For this chart to actually show a turnaround and
demonstrate an uptrend, either the gold price would
have to plummet or the price of equities would have
to show a huge percentage increase -something
highly unlikely at this stage of the game with a slowing
economy and an inverted yield curve signaling
a recession ahead."
See for yourself:
http://www.jsmineset.com/cwsimages/Miscfiles/3863_Chart_for_11-30-2006_Dow-Gold_Ratio.pdf
You're gonna eat those words. ;^)