Sure, the stock market headlines are buzzing about the Dow hitting $49,462 for the first time. But here's what nobody talks about—the real purchasing power story. Gold just crossed $4,490, which means today's Dow close buys you roughly 11 ounces of gold. Rewind to September 1999? The Dow could grab you over 43 ounces of the same gold. That's a 74% drop in relative value across 26 years. So while index records look pretty in the press release, the currency underneath has been quietly bleeding out. Numbers don't lie.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
8
Repost
Share
Comment
0/400
MetaMisery
· 11h ago
Watching the Dow hit a new high feels great, but when you calculate gold backing, it immediately breaks the defense.
View OriginalReply0
YieldWhisperer
· 01-07 11:40
Nah, all the news about the Dow hitting new highs are just hype, but the actual purchasing power has long been drained, down 74% over 26 years. That's the real truth.
View OriginalReply0
GoldDiggerDuck
· 01-07 00:58
The new high of the Dow looks impressive, but purchasing power has shrunk by 74%... It's really just a numbers game.
View OriginalReply0
LiquidationSurvivor
· 01-07 00:54
Dow Jones new high? Wake up, currencies are depreciating.
View OriginalReply0
ShibaOnTheRun
· 01-07 00:51
NGL, this is the real truth. The Dow hits a new high, but purchasing power is plummeting. Currency devaluation happens so silently.
View OriginalReply0
TestnetFreeloader
· 01-07 00:51
Wait a minute, this data is shocking... 74% depreciation over 26 years? Then buying stocks is no different from holding cash.
View OriginalReply0
MondayYoloFridayCry
· 01-07 00:50
Dow Jones reaches a new high? Haha, can't buy gold, brother.
Sure, the stock market headlines are buzzing about the Dow hitting $49,462 for the first time. But here's what nobody talks about—the real purchasing power story. Gold just crossed $4,490, which means today's Dow close buys you roughly 11 ounces of gold. Rewind to September 1999? The Dow could grab you over 43 ounces of the same gold. That's a 74% drop in relative value across 26 years. So while index records look pretty in the press release, the currency underneath has been quietly bleeding out. Numbers don't lie.