Peter Chef warns the S&P 500 is an illusion, a decrease of 57 % when measured by real money – SPDR S & P 500 (Arca: SPY)

The last S& P 500 Rally hides a real decrease in real terms, according to prominent economists Peter ChefWho indicates Gold’s superior performance as evidence of the real state of the market.

What happenedSchiff wrote on Tuesday on X, “The S&P is not standard if it is priced in real money.” He added.

Data supports chef analysis. While S& P 500, followed by SPDR S & P 500 spy325.29 % increased from 1,441.25 points in January 2000 to 6,129.58 points now, and gold excelled by 957.45 %, climbing from $ 277.08 to more than $ 2,930 an ounce on Tuesday.

Chef highlighted Gold’s height to a new record, exceeding $ 2940 for the first time, indicating that “$ 3000 is clearly a high probability this week.” The Federal Reserve and the prevailing financial community criticized for overcoming the importance of this gathering, warning that they were doing this “on their own danger.”

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Why do it matterGold’s recent increase in the index of $ 2,940 amid increasing economic uncertainty, especially commercial policies surrounding the United States. The gravity of precious metals is enhanced as safe origins despite the federal reserve signals.

Federal Reserve Governor Michelle Bowman And the ruler Christopher Wal Both called for caution of interest rate cuts, noting the ongoing inflation fears. Their position has eased the progress of gold, but it did not reflect its upward path.

The market participants are closely monitoring the issuance of the Federal Reserve records on Wednesday and the potential developments in the peace negotiations in Russia-Ukraine, and the factors that may affect the prices of gold and the broader market morale.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.