“Imagine telling Charles Dow 100 years ago about the inclusion
of Disney, McDonald’s, Wal-Mart, Home Depot, Amex, BofA, & JP Morgan Chase
representing American industry for his index of ‘industrial’ giants’. Dow might have
asked, ‘What do they produce?” Without realizing that he was reacting like the
Austrian school of economics that holds that wealth must be produced: It can’t be
borrowed or printed.”
From Ian McAvity’s remarkable publication, Deliberations on World Markets.”
Gold has risen a fantastic ten y