Lyn Alden, Brien Lundin – Market Sanity
If you denominate US GDP in gold instead of dollars, the chart is wild.
The only thing I’ve found that hasn’t fallen or held even when priced in gold is federal debt.
In two instances, however, gold rose more quickly than fed debt, thereby protecting holders from accelerated dollar depreciation: the ’70s and ’00s.
Now we’ve begun a third one.