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.

Update: Thank you to Michael and Dan for pointing out that my recent charts were all REVERSED.  Oops.  These are fixed in the new charts, but the old ones are WRONG.  Bad Excel 2007.

December 19, 2008 to January 7, 2009

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 higher than gold’s line (blue) tend to be too expensive versus their recent gold ratio history.  Items with a line below 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.

 

January 7, 2009

Gold: $848.50 change -0.0% | Previous Market Value: $848.25 1/6/2009

Silver: 0.0134 ounces ($11.41), +4.68% | Previous Market Value: 0.0128 ounces ($10.85) 1/6/2009

DJIA:  10.3355 ounces (8769.70), -2.75% | Previous Market Value: 10.6279 ounces (9015.10) 1/6/2009

NYMEX: 0.0501 ounces ($42.53),  -11.95% | Previous Market Value: 0.0569 ounces ($48.28) 1/6/2009

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 6, 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. Gold and precious metals pricing in 2009
7. The DJIA, NASDAQ, price of gold and silver: they don’t matter
8. Gold versus Oil Chart/Data update!
9. Gold Market Recap (April 25, 2006)
10. Gold Market Recap and News May 3, 2006