Relative to what?

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Submitted by 4plexowner on February 17, 2010 - 9:31am

imageDow priced in US $, Euro and goldDow priced in US $, Euro and gold

because we are living in a world where there are no fixed monetary standards (all currencies are fiat), I believe we have to think in relative terms when we are planning our long term financial strategy

I prepared the chart as an example - it shows the current Dow rally priced in US $, Euro and gold

the rally is still impressive in Euro terms but look at the rally from a gold bug's perspective - the Dow dropped 7400 points and has only managed to retrace 23.6% of that decline - not very exciting

I don't have any answers here - I'm just opening up a topic for discussion

double-click on the chart to see a larger

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word.
Submitted by squat300 on February 17, 2010 - 10:15am.

word.

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