/biz/ - Business & Finance

>>21425680

If you bought the top in 1929, then, adjusted for inflation, you had to wait 63 years before your stocks were consistently going up again. And that's according to the CPI. Adjusted for real inflation, who even knows if you would have made your money back, even to this day. The stock market crash, when it comes, won't happen in nominal terms, as in 1929; but, in real terms, as in Weimar Germany, it will be even more calamitous.

>>21249729

You don't understand the fundamentals. Gold went 25x in the 70s and 80s. That's because real yields were negative, just as they are now. Understand the fundamentals instead of looking at things with a short-termist or technical analyst point of view. Gold doesn't simply go up or down for no reason. It acts in response to very specific conditions.

Stocks are now a joke. Adjusted for inflation, if you bought the top in 1929, you had to wait 63 years to be in the green again. P. E. ratios were never higher; are you going to risk being in the red again for another 63 years? Whether the crash happens in nominal terms (as in 1929) or in real terms (as in Zimbabwe and Venezuela).

>>19917548

If somebody bought the top in 1929, then, adjusted for inflation, he had to wait 63 years before his money consistently started going up again. The CPI, however, vastly underestimates inflation; so who knows if he ever made his money back at all.

>>19848281
>>19848354

Adjusted for inflation, if you bought the top, you had to wait 63 years to break even. And that's going by the fake CPI numbers, which vastly under-represent true inflation. (See John Williams' ShadowStats.)

>>19732936

>If you bought at the top of -29 you had to wait until -56 to make your money back.

Adjusted for inflation, if you bought in '29, you had to wait until 1992 to make your money back--63 years. Notice how misleading the OP's chart is, because it doesn't account for inflation. If you get stuck holding the bag in a real crash, you will be on death's door before you become solvent again. OP also does not show the performance of gold versus the Dow in an environment of high inflation and low real yields (as we are living through today).

>>19733667

P. E. ratios have never been so overvalued. I'd rather not gamble my life's savings on worthless pieces of paper simply on the basis of the greater fool theory. Eventually, you run out of fools.

>>19703596

It's also not adjusted for inflation, as I pointed out here. >>19703536 I've taken a screenshot from the video if any one wants to see it. As you can see, someone who bought the top in 1929 or even 1960 only recovered in late 1992.