Y Combinator co-founder Paul Graham warned on Thursday that Americans need an 11% increase in net worth just to maintain purchasing power following the dollar’s significant decline since President Donald Trump‘s inauguration. Dollar Index Shows Sharp ...
If you’ve invested all of your savings in the SP500 (up 11% since January 20th) then you have just barely broken even. Remember that when you hear people talking about the stock market being at an all time high.
Surprisingly gold is up 63% in the same period.
I bought an ounce for grins at that time and just sold it for 60% gains.
Im not sure how gold can be up so high along with the stock market. Those two things should he inverse of each other.
Wild guess, but perhaps some people see the economic writing on the wall and have moved their investments into gold?
Because the arock market has become completely detached from any actual economic indicators.
https://www.visualcapitalist.com/central-banks-now-hold-more-gold-than-u-s-treasuries/
Are stocks and gold are going up or is the dollar going down?
Yes.
I would think normally they are static-ish inverse but during transition periods like now there would be pricing gaps for example as people flee dollar to go to gold, velocity on gold changes might be higher
6 month streak is a bit of a transition period. That’s 2 negative earning periods for Tesla and for some reason that stock keeps going up.
I moved 90% of my investments to Europe/Asia and saw a 12-15% increase since April.
even with the fees, I’m still making out ahead.
I know the train stops soon, but I’ll ride it until I can.