...but how many Big Macs will it buy?
There was a conversation about investment at work that mentioned stocks, gold and the "Big Mac Index" so I decided to do a quick analysis.
| Year | Big Mac | DJIA | Big Macs per DJIA | $/oz Gold | Big Macs per oz Gold |
|---|---|---|---|---|---|
| 2001 | $2.54 | 10790 | 4248 | 271 | 106 |
| 2002 | $2.49 | 10259 | 4120 | 278 | 111 |
| 2003 | $2.65 | 8601 | 3245 | 343 | 129 |
| 2004 | $2.90 | 10409 | 3589 | 417 | 143 |
| 2005 | $3.15 | 10827 | 3437 | 428 | 135 |
| 2006 | $3.15 | 10883 | 3454 | 530 | 168 |
| 2007 | $3.22 | 12474 | 3873 | 640 | 198 |
It didn't quite work out the way I had expected it to. Plotting the CPI (or the Euro) against these numbers might also be interesting.
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