Remember when we showed you how stocks were struggling against gold last month? It's getting worse.
To recap, we urge DailyWealth readers to gauge their real estate and stock market returns not in terms of the arbitrary (and usually declining) value of the U.S. dollar... but in terms that rich investors use... in terms of real wealth... in terms of gold.
Nominally, stocks are up big since May. But the U.S. dollar has plummeted in value, and the price of "real stuff," like copper and gold, is soaring. Measured in gold, stocks just plunged to their lowest low since April.
Sure, dollars are flowing into stocks right now... but the yahoos running the controls in Washington D.C. are making those dollars worth less and less every day.
To recap, we urge DailyWealth readers to gauge their real estate and stock market returns not in terms of the arbitrary (and usually declining) value of the U.S. dollar... but in terms that rich investors use... in terms of real wealth... in terms of gold.
Nominally, stocks are up big since May. But the U.S. dollar has plummeted in value, and the price of "real stuff," like copper and gold, is soaring. Measured in gold, stocks just plunged to their lowest low since April.
Sure, dollars are flowing into stocks right now... but the yahoos running the controls in Washington D.C. are making those dollars worth less and less every day.
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