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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Honey_Bee who wrote (34090)1/21/2008 4:35:03 PM
From: sea_biscuit  Read Replies (2) of 42834
 
This time, the market could well go down 50% again. Only this time it will be in real terms and not in nominal terms. The REAL real terms that is. IOW, when priced in gold.

The Dow is already down to below 14 ounces of gold. When it started the secular bear in 2000, it was at 44 ounces of gold. By the end of this year, the Dow may be at 14000 but it will be entirely due to the hyperinflation that is being unleashed on us by the government. The ratio might well be 10 or 12 by then (i.e. a gold price of 1250-1400)

Anybody who thinks that the CPI measures inflation is out of his/her mind. The CPI is designed to limit governmental obligations to social security recipients, among other things. It has nothing to do with the real inflation that real people encounter in the real world.
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