San Diego Housing Market News and Analysis
Relative to what?
User Forum Topic
Submitted by 4plexowner on February 17, 2010 - 9:31am
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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