The Palanor Indices
The instruments Palanor builds to read what the singular series cannot.
Anyone can show you CPI. Anyone can show you the VIX. Palanor builds composites — transparently disclosed, weight-by-weight, with public-source components.
The Palanor Indices
Anyone can show you CPI. Anyone can show you the VIX. Palanor builds composites — transparently disclosed, weight-by-weight, with public-source components.
The long arc of fiat. When the dollar weakens against hard assets, monetary base, and real returns. Decades, not quarters.
The Dollar Erosion Index is the historical percentile of three lenses on dollar purchasing power: gold price in dollars (the oldest reserve asset), the real Fed funds rate inverted (negative real rates erode purchasing power over time), and M2 money supply 24-month growth rate (monetary expansion outrunning the real economy). High readings mean the dollar is structurally weakening; low readings mean the dollar is structurally strong.
Gold is the chart of the dollar told from the other side.
Gold in USD is the cleanest long-term read on dollar purchasing power. Gold has no yield, no earnings, no story — it just is. When it takes more dollars to buy the same ounce, the dollar lost value. Real Fed funds inverted captures monetary posture: when the Fed holds rates below inflation for years, savers and bondholders are being silently taxed in real purchasing power. M2 24-month growth captures the monetary base expanding faster than the real economy. Together: the price story (gold), the policy story (real rates), the supply story (M2).
1980 (Volcker peak): real rates positive, dollar strong vs gold, index reads CALM. 2000 dot-com: dollar strong, index WATCHFUL. 2011 post-QE: gold near record vs dollar, index reads MANIA. 2020-22 (COVID stimulus): M2 ballooned 25% in 18 months — index spiked into MANIA. 2024-26: gold making fresh nominal highs, M2 at record share of GDP.
This is not a trading signal. It is the chart that asks: how much faith does the world still place in the dollars purchasing power? Stewards thinking about long-term capital preservation, generational wealth transfer, and reserve composition watch this. A multi-year ELEVATED or MANIA reading is the regime where hard assets (real estate, gold, productive infrastructure) historically outperform paper assets.
Every component, every weight. The 30-day spark shows how the underlying series has moved; the transform column shows how it converts to a comparable scale before weighting. Direction indicates whether rising values raise or lower the index.
| Component | Source | Weight | Direction | Transform | 30d | 24h | 30d Δ | Now contributing |
|---|---|---|---|---|---|---|---|---|
| Gold Price (LBMA AM) | FRED | 40% | positive | zscore_24m | — | — | — | awaiting data |
| Real Fed Funds Rate | FRED | 30% | negative | zscore_24m | — | — | — | -0.355 |
| M2 Money Supply |
Numen for the public read:
Palanor reads dollar erosion at 62.0 of 100 — modestly above its 24-month neutral. The composite is steady, with the weight of components leaning in one direction. This reading is computed across 2 of 3 components; the remainder are awaiting data.
24-month history of this index. The composite is recomputed daily; values are stored with timestamps.
Y-axis auto-zoomed · data clusters tightly
| # | Computed at | Value | Δ |
|---|---|---|---|
| 48 | 7/11/2026, 8:45:42 AM | 61.9921 | 0.0000 |
| 47 | 7/10/2026, 8:45:20 AM | 61.9921 | 0.0000 |
| 46 | 7/9/2026, 8:45:59 AM | 61.9921 | 0.0000 |
| 45 | 7/8/2026, 8:45:59 AM | 61.9921 | 0.0000 |
| 44 | 7/7/2026, 8:45:59 AM | 61.9921 | 0.0000 |
| 43 | 7/6/2026, 8:46:00 AM | 61.9921 | 0.0000 |
| 42 | 7/5/2026, 8:45:59 AM | 61.9921 | 0.0000 |
| 41 | 7/4/2026, 8:46:00 AM | 61.9921 | 0.0000 |
| 40 | 7/3/2026, 8:46:00 AM | 61.9921 | 0.0000 |
| 39 | 7/2/2026, 8:45:59 AM | 61.9921 | 0.0000 |
| 38 | 7/1/2026, 8:45:41 AM | 61.9921 | 0.0000 |
| 37 | 6/30/2026, 8:45:42 AM | 61.9921 | 0.0000 |
| 36 | 6/29/2026, 8:45:56 AM | 61.9921 | 0.0000 |
| 35 | 6/28/2026, 8:45:57 AM | 61.9921 | 0.0000 |
| 34 | 6/27/2026, 8:45:55 AM | 61.9921 | 0.0000 |
| 33 | 6/26/2026, 8:45:56 AM | 61.9921 | 0.0000 |
| 32 | 6/25/2026, 8:45:35 AM | 61.9921 | 0.0000 |
| 31 | 6/24/2026, 8:45:35 AM | 61.9921 | +5.7352 |
| 30 | 6/23/2026, 8:45:09 AM | 56.2569 | 0.0000 |
| 29 | 6/22/2026, 8:45:11 AM | 56.2569 | 0.0000 |
| 28 | 6/21/2026, 8:45:12 AM | 56.2569 | 0.0000 |
| 27 | 6/20/2026, 8:45:18 AM | 56.2569 | 0.0000 |
| 26 | 6/19/2026, 8:45:18 AM | 56.2569 | 0.0000 |
| 25 | 6/18/2026, 8:45:38 AM | 56.2569 | 0.0000 |
| 24 | 6/17/2026, 8:45:29 AM | 56.2569 | 0.0000 |
| 23 | 6/16/2026, 8:45:15 AM | 56.2569 | 0.0000 |
| 22 | 6/15/2026, 8:45:15 AM | 56.2569 | 0.0000 |
| 21 | 6/14/2026, 8:45:46 AM | 56.2569 | 0.0000 |
| 20 | 6/13/2026, 8:45:13 AM | 56.2569 | 0.0000 |
| 19 | 6/12/2026, 8:45:23 AM | 56.2569 | 0.0000 |
| 18 | 6/11/2026, 8:45:28 AM | 56.2569 | 0.0000 |
| 17 | 6/10/2026, 8:45:44 AM | 56.2569 | 0.0000 |
| 16 | 6/9/2026, 8:45:57 AM | 56.2569 | 0.0000 |
| 15 | 6/8/2026, 10:53:10 PM | 56.2569 | 0.0000 |
| 14 | 6/8/2026, 8:45:40 AM | 56.2569 | 0.0000 |
| 13 | 6/7/2026, 8:45:36 AM | 56.2569 | 0.0000 |
| 12 | 6/6/2026, 8:45:35 AM | 56.2569 | 0.0000 |
| 11 | 6/5/2026, 8:45:58 AM | 56.2569 | 0.0000 |
| 10 | 6/4/2026, 7:12:16 PM | 56.2569 | 0.0000 |
| 9 | 6/4/2026, 4:21:28 PM | 56.2569 | 0.0000 |
| 8 | 6/4/2026, 4:20:36 PM | 56.2569 | 0.0000 |
| 7 | 6/4/2026, 4:20:10 PM | 56.2569 | 0.0000 |
| 6 | 6/4/2026, 8:45:45 AM | 56.2569 | 0.0000 |
| 5 | 6/3/2026, 8:45:18 AM | 56.2569 | 0.0000 |
| 4 | 6/2/2026, 8:45:36 AM | 56.2569 | 0.0000 |
| 3 | 6/2/2026, 3:48:37 AM | 56.2569 | 0.0000 |
| 2 | 6/2/2026, 3:13:30 AM | 56.2569 | 0.0000 |
| 1 | 6/2/2026, 3:02:33 AM | 56.2569 | — |
https://fred.stlouisfed.org/https://www.atlantafed.org/researchhttps://www.clevelandfed.org/our-research/indicators-and-datahttps://data.oecd.org/leadind/consumer-confidence-index-cci.htmhttps://www.cnn.com/markets/fear-and-greedhttps://trends.google.com/Stewards see Palanor Indices tuned to their mandate.
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| FRED |
| 30% |
| positive |
| pct_change_12m |
| — |
| — |
| — |
| +0.835 |
Awaiting data means the most recent compute did not have a fresh value for that component. The composite re-normalizes around what is present, so the index reading remains meaningful. The component returns the moment its source publishes.