Wednesday, July 11, 2012
Long Term Chart of S&P 500 Priced in Gold
The great team over at the St. Louis Fed has finally added historical gold prices into the FRED database. This allows us to now create great long term charts like the one below--the S&P 500 priced in gold ounces since 1968. To the extent that one believes that gold is a useful ruler for measuring value, this chart should be an important one. The S&P 500 is cheaper in gold terms than it was in 1968, but still isn't quite as cheap as it got in 1980 when it sold for just 0.17 ounces of gold.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.