Dow in 2007 is Cheaper Than in 1929!
Michael Nystrom at BullNotBull.com quotes Robert Prechter

The nominal Dow peaked at 381 in September 1929, and today it is hovering somewhere around 11,500, a 30x increase over 77 years. Not bad, right? But amazingly, measured in gold, the recent Dow highs are actually right about where they were at their 1929 peak!

For those interested in the actual details, he says, “It took 18.5 ounces of gold to buy the Dow on September 3, 1929. On May 10, 2006, it took 16.5 ounces of gold, so it is actually cheaper.

So gold made slightly more gains! Hahaha! He adds, “As Dr. Gold would put it: One dollar won’t buy what it did in 1929, but one ounce of gold (about $20 at the time) sure will (about $650 today)!

So to put it straight, If you were interested in starting to “invest” – Read: Save Money” – in 1929, it would have been smarter and easier to just buy Gold.

Many analysts say that if you don’t know the first thing about investing, buy an index fund. We say… just buy Gold.

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