The Global Unanimocracy Network runs a daily update on the financial markets, but rather than focusing on the dollar-value of goods and investments, we compare strictly the value of each market in terms of gold ounces.  

Every investment is priced in gold ounces, based on the close of spot gold bullion for that given day.  We compare gold to oil, gold to silver, and gold to DJIA, with other items added if demand requires.  Our comparisons also shows the ratio changes from the previous market day.  On days when a given investment is not traded, we carry forward the previous market day’s value for comparison reasons.

We plot a graph of the comparison figures, weighted against the value of gold.

 

Our comparison graph up above only shows price trends, and does not take into account supply and demand issues.  Over time, items that have a line lower than gold’s line (blue) tend to be too expensive versus their recent gold ratio history.  Items with a line above gold’s line tend to be cheaper versus their recent gold ratio history.  These figures are not recommendations to buy or sell, but just show where one’s money would have been maximized in terms of profit versus holding gold, not dollars or other fiat currencies.

Here is a graph with the NYMEX price taken out, to show the variance between gold, silver and DJIA holdings:

In this chart, we can see that silver and the DJIA are both slightly more expensive versus gold than recent historical averages back to December 19th.  The differences are very slight, though.

January 6, 2009

Gold: $848.25 change -0.62% | Previous Market Value: $853.50 1/5/2009

Silver: 0.0128 ounces ($10.85), -1.53% | Previous Market Value: 0.0130 ounces ($11.07) 1/5/2009

DJIA:  10.6279 ounces (9015.10), +1.32% | Previous Market Value: 10.4896 ounces (8952.89) 1/5/2009

NYMEX: 0.0569 ounces ($48.28),  +0.0% | Previous Market Value: 0.0569 ounces ($48.56) 1/5/2009

Do you have an investment, commodity or other regularly published market price you’d like to see covered and added to our chart?  Leave a comment below.

 

Related posts:

1. G.U.N. Gold Financial Recap, January 7, 2009
2. G.U.N. Gold Financial Recap, January 2, 2009
3. G.U.N. Gold Financial Recap, January 5, 2009
4. G.U.N. Gold Financial Recap, January 14, 2009
5. Gold Market Recap, May 26, 2006
6. The DJIA, NASDAQ, price of gold and silver: they don’t matter
7. Gold and precious metals pricing in 2009
8. Gold Market Recap (April 25, 2006)
9. Silver ETF warnings and the Gold Market Recap (April 5, 2006)
10. Gold Market Recap (April 21, 2006)