this post was submitted on 20 Oct 2025
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United States | News & Politics

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US Dollar Down 10% Since Trump Took Office — Paul Graham Warns 'You've Become Poorer' Without 11% Net Worth Gain (finance.yahoo.com)
submitted 8 months ago by cm0002@lemmings.world to c/usa@midwest.social
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[–] Pistcow@lemmy.world 22 points 8 months ago (5 children)

I bought an ounce for grins at that time and just sold it for 60% gains.

Im not sure how gold can be up so high along with the stock market. Those two things should he inverse of each other.

[–] Ascrod@midwest.social 23 points 8 months ago

Wild guess, but perhaps some people see the economic writing on the wall and have moved their investments into gold?

[–] BakerBagel@midwest.social 10 points 8 months ago

Because the arock market has become completely detached from any actual economic indicators.

[–] pootzapie@lemy.lol 5 points 8 months ago (1 children)

I would think normally they are static-ish inverse but during transition periods like now there would be pricing gaps for example as people flee dollar to go to gold, velocity on gold changes might be higher

[–] Pistcow@lemmy.world 2 points 8 months ago

6 month streak is a bit of a transition period. That's 2 negative earning periods for Tesla and for some reason that stock keeps going up.

[–] whosepoopisonmybuttocks@sh.itjust.works 3 points 8 months ago* (last edited 8 months ago) (2 children)

Are stocks and gold are going up or is the dollar going down?

[–] Aceticon@lemmy.dbzer0.com 3 points 8 months ago

Gold is going up in other currencies too, so it's not just the USD going down and mathematically making the Gold price in USD go up.