Dow Already Trading At 2,578!
Source: http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/dow-already-trading-at-2578Posted on Sunday, November 2nd, 2008 | In Commodities
Here’s some important news no one else is telling you: The Dow is now trading at the equivalent of the 2,500 level!
Yes, that’s right. In terms of “honest” money — gold — the Dow has already lost 77% of its value!
How can that be? It’s because the world no longer uses “honest” money and instead economies — and asset prices — float on variable currency exchange rates with nothing but “a promise to pay” backing them.
So to really understand what’s happening to values — the nominal prices that you see in the markets whether they be for stocks, bonds or commodities — you must look at them in terms of the one asset that always holds its purchasing power: Gold.
I explain this concept in detail in my most recent Money and Markets column and I strongly recommend you take a look. Because once you understand why assets need to be adjusted in gold terms to truly know how they are performing, you then will know how to position your portfolio to profit in the months and years ahead.
Savvy investors like Warren Buffet, Jimmy Rogers, Mark Mobius, and Barton Biggs understand it. And so should you!
Last 5 posts by Larry Edelson
- Dollar’s fall last week is exactly what I’ve been warning about! - December 15th, 2008
- Real values ... real opportunities ... and real money ... - December 12th, 2008
- Veteran analyst Richard Russell seems to agree with me on the possibility of a major dollar ... - November 26th, 2008
- The Sequel To The G-20’s Secret Debt Solution - November 21st, 2008
- Gold Demand Exploding Higher! - November 21st, 2008
 About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.