My week was topped off by a message from Franklin Sanders of The Moneychangers, another great way maker. He points out that “From an August ’99 top at G$925.42 (44.77 troy ounces) the Dow (Jones Index) in Gold Dollars has fallen to a recent low at G$330.29 (15.98 oz), down 63%. The Dow in Silver Ounces has fallen from 2,566.05 in 6/01 to a recent low of 774.67, losing 70% (seventy percent).”
What that means is that if you have kept your savings invested in dollar denominated securities of large US corporations and banks -– aka the Tapeworm — since August 1999, the value of these assets — on average — has been more than cut in half. Working out your salvation with diligence includes finding ways of successfully navigating a falling dollar.