dow jones industrials in gold

sound money analysis & perspective

the industrial blue-chip complex measured in gold. useful for stress-testing recovery narratives: dollar rallies after 2009 looked robust, yet much of that rise was currency debasement from quantitative easing. historically, the dow priced in gold peaked near the millennium, then suffered a deep hard-money drawdown before any partial repair. this chart is irreplaceable for cycle work because it collapses currency, rates, and equity valuation into one purchasing-power path that professional dollar charts systematically hide.