Regardless, Gold settled out the week yesterday (Friday) at 1785. So nonplussed is our pal Gold … or as Rodgers and Hart put it : “Bewitched, bothered and bewildered…”– That suggests DEflation, right? Crazy indeed. “The Dollar is finished! It is El Post-Toasties! Gold is going to explode!” ‘Cept here’s the Crazy bit: the Dollar is doing just fine. The buzz ’round the FinMedia circuit and beyond is inflation, and some say hyper-inflation. Let’s also assess Crazy, (apropos of inflation). Per this California example from an esteemed member of our Investors Roundtable: “A year ago it cost me $70 to fill up my truck today it cost me $107.” (True, that is actually a 53% increase, but as we’ll below see in our BEGOS Markets Standings, the price of Oil from a year-to-date is leading the pack even more so +72%). Thus by the “school rule”, has your cost of living across that timeframe also increased by a like 38%? ‘Tis a fair question. economy to save the nation… and yet as measured by said percentage, it all ended up in the stock market. How perfect is that?Īll that monetary infusion into the U.S. To your point, Squire: as measured through today from 24 February 2020 - when COVID really began ballooning and, in reaction, currency debasement really began ensuing - both the StateSide Money Supply (per “M2”) and the S&P 500 are identically +38%. “Well, mmb, we’re all taught in school that the stock market is a hedge against inflation…”
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