Only sort of. When priced in gold/silver, oil really hasn’t inflated that much.
Consider that the last year quarters were 100% silver was 1964. Gas was about 30 cents a gallon.
So a quarter would buy you a little less than a gallon of gas in 1964 dollars.
The melt value of that same quarter as of today is about $2.50. A gallon of gas averages to about $3.90 nationwide. Gas is definitely more expensive, but less so if you are paying with something that has retained its purchasing power. Like silver.
You can measure houses however you want, but given that their cost is driven entirely by local demand I’m not sure what the point is. And they went up more than 100% in SoCal, for sure.
The point (which you don’t seem to understand) is that a stock market ‘rally’ that is puny compared to the commodities boom isn’t really a rally at all. It would have to be the other way around if the gains were to have any real meaning.
Who cares if my index funds are up 80% if food and energy are up 200-300%? I would have done better to put my money in energy and commodity indexes than the DJIA.
