Stock Market Hits New High? Not So Fast!
News headlines proclaim that the US stock market indexes like the Dow Jones Industrial Average and the S&P 500 are hitting all-time highs. And this is true, when measured in US Dollars. But measured in Gold? Here are my thoughts on this topic.
As you may have noticed, while I love using gold to measure the value of things, I am also very excited about the new monetary experiments going on these days, usually referred to as crypto-currencies. The oldest and largest of these is Bitcoin. But the youngest, and one of the most exciting, is Steemit. Steemit is a social media site similar to facebook, reddit or wordpress that pays its users (those who create content and curate content by commenting and upvoting to bring worthy items to the attention of other users) with a new crypto-currency called STEEM.
I will be publishing more of my thoughts and commentary under the pricedingold tag on the Steemit platform, while the Priced in Gold website will remain the place to find charts and my weekly updates. You can follow me at @vollumc on Steemit if you'd like to have more frequent updates and read about some of my other interests.I would also suggest that you give Steemit a try, yourself! I firmly believe that Priced in Gold readers are some of the most literate and forward-looking people around. Why not share your expertise and thoughts with a wider community, and get paid for doing so? And if you haven't dipped your toe into the crypto-currency pool yet (or even if you have!) Steemit is a great way to get in on the ground floor of a new coin at no cost.
I hope you'll join me there!