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> And yet the dow jones just passed 50K, an ATH. The price of stock is based in dollars. The value of the dollar goes down due to inflation, so the stock goes
by hackyhacky 8mo ago
> And yet the dow jones just passed 50K, an ATH.
The price of stock is based in dollars. The value of the dollar goes down due to inflation, so the stock goes up, while not actually changing in value.
- game_the0ry 8mo agoTrue. It is actually doing poorly when priced in gold.
- hackyhacky 8mo agoWell, the gold market just collapsed, so this might not be the ideal point of comparison.