Comment by hackyhacky
20 days ago
> And yet the dow jones just passed 50K, an ATH.
The price of stock is based in dollars. The value of the dollar goes down due to inflation, so the stock goes up, while not actually changing in value.
20 days ago
> And yet the dow jones just passed 50K, an ATH.
The price of stock is based in dollars. The value of the dollar goes down due to inflation, so the stock goes up, while not actually changing in value.
True. It is actually doing poorly when priced in gold.
Well, the gold market just collapsed, so this might not be the ideal point of comparison.