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Ace1000ks1975
Peter Schiff
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Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Dow 14,000, GDP, Jobs, Fed, inflation, treasuries, \u0026 gold" video.
You have to gauge inflation with the cost of commodities and goods. A gallon of gasoline was about $1.00 in 2000, and today it is about $3.50 to $4.00 per gallon. A barrel of oil in 2000 was about $20, and today it is about $94/barrel. The Dow was about 10,000 in 2000, and today it is about 14,500. The Dow should be 35,000 to 47,000 now. If you kept you money in stocks for the past 13 years, and you didn't make a return of at least 400% you lost money.
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