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Stocks are highly correlated with interest rates too. For the same reason. I think it's a pretty reasonable look at the value of stocks in something tangible.
by eloff 6y ago
Stocks are highly correlated with interest rates too. For the same reason.
I think it's a pretty reasonable look at the value of stocks in something tangible.
Maybe you could compare the stock market to the price of a gallon of milk or something, but gold is a fairly natural choice.