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Dow closed at 10,407 today .... another new high for 2009 !!!
At this rate .... 11,000 shouldn't be far off.
And considering the Dow was at 6,547 on March 9, 2009 .... we've climbed around 60% in just 8 months !!!
Actually, the Dow hasn't changed one bit. Worth 9 ounces of gold and holding steady since the bottom. Pretty much the same ratio with silver, oil, and other commodities as well.
Actually, the Dow hasn't changed one bit. Worth 9 ounces of gold and holding steady since the bottom. Pretty much the same ratio with silver, oil, and other commodities as well.
Wrong. Unless gold and other specific commodities are you only comparison.
A person who had $1,000 in the Dow on March 9, has $1,600 to spend today.
Not everything has gone up in price.
Milk still costs around $2.25 a gallon in San Diego. Around the same as March.
And there are probably tens of thousands of other items that you can get for the same price now, as back in March.
Except, now you can cash in your stocks, and buy a lot more of these items.
Wrong. Unless gold and other specific commodities are you only comparison.
A person who had $1,000 in the Dow on March 9, has $1,600 to spend today.
Not everything has gone up in price.
Milk still costs around $2.25 a gallon in San Diego. Around the same as March.
And there are probably tens of thousands of other items that you can get for the same price now, as back in March.
Except, now you can cash in your stocks, and buy a lot more of these items.
I think its important to point out that a person who has $1000 in stocks on March 9th would have $1600 in stocks (if they had a portfolio mirroring the Dow). The only way they would have exactly $1600 in cash is if they sold off every share for the closing price, which is just about completely impossible. Even then, they likely owe a chunk of that cash to the gov'ment in capital gains. That is going to reduce their spendable cash by over 1000 dollars.
Wrong. Unless gold and other specific commodities are you only comparison.
A person who had $1,000 in the Dow on March 9, has $1,600 to spend today.
Not everything has gone up in price.
Milk still costs around $2.25 a gallon in San Diego. Around the same as March.
And there are probably tens of thousands of other items that you can get for the same price now, as back in March.
Except, now you can cash in your stocks, and buy a lot more of these items.
Can you buy more healthcare? How about auto insurance? Home insurance? College education? You sell the stocks and you have to pay capital gains taxes. You sell the gold and you pay nothing to the IRS.
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