Earlier today, the S&P 500 crossed its all-time closing high.
Of course, the naysayers will tell you that it’s far from its inflation-adjusted high.
And the gold bugs will tell you it’s miles away from its gold-adjusted high.
Here’s a chart from our friends at PricedInGold.com. It’s the S&P 500 priced in grams of gold.
For what it’s worth:
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