Source: Foundation for Economic Education
by Peter Fenwick
“On February 6, 2026, the Dow Jones hit a record level of 50,000. It was now 5 times its level in 1999 when it hit 10,000 for the first time. But how real has the increase been? In 1999, $10,000 would have bought you 40 ounces (oz.) of gold. In 2026, $50,000 buys you only 10oz. of gold. The fact is that in 27 years, the dollar has lost 75% of its value.” (02/13/26)