Stonk_owner
Stonk_owner OP t1_j27q85j wrote
Reply to comment by BubsCapital in I want you to think about this chart, how real is money? by Stonk_owner
Right now its about 18 ounces for a dow jones share. This has happend multipule times in history. What this draws is a perfect picture of inflation. For example; in 1959 this was also the case, 18 ounces for 1 dow jones share. Then again in 1972, then 1997, then 2006, then 2017, then 2019, then 2021 and then this year.
For the record the price of a down jones share in 1959 was; around 6k 1972 was; around 7k 1997 was; around 7,5k 2006 was; around 11,5k 2017 was; around 22k 2019 was; around 26k 2021 was; around 34k
Now what this means, is that the true value of this particulair stock has not changed allot. Only the number of dollars has increased.
Stonk_owner OP t1_j27omi3 wrote
Reply to comment by Woonasty in I want you to think about this chart, how real is money? by Stonk_owner
Stonk_owner OP t1_j27ody6 wrote
Reply to comment by Stonk_owner in I want you to think about this chart, how real is money? by Stonk_owner
On the left side of the chart you will see the ounces of gold and on the bottom side you will see the year.
Stonk_owner OP t1_j27ob2w wrote
This interactive chart tracks the ratio of the Dow Jones Industrial Average to the price of gold. The number tells you how many ounces of gold it would take to buy the Dow on any given month. Previous cycle lows have been 1.94 ounces in February of 1933 and 1.29 ounces in January of 1980.
I want you to think about this chart, how real is money?Submitted by Stonk_owner t3_zysp4v in wallstreetbets
Stonk_owner OP t1_j27qdy6 wrote
Reply to comment by TheWholeSausage in I want you to think about this chart, how real is money? by Stonk_owner
True bro, I'd rather have more then less =)