Gold vs. stocks the past 5 years

(Click on chart to get sharper image.)

This a chart comparing gold bullion (GLD) to stocks (SPY) priced in dollars the past 5 years. It tells me several things:

  • The Federal Reserve is steadily debasing the dollar.
  • The U.S. economy can’t get of its knees.

I see nothing on the political and economic horizon that makes me think that these trends won’t continue for the foreseeable future.

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