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S&P 500
5,537.02
(
0.51%
)
US TECH 100
19,641.60
(
0.83%
)
Dow Jones
39,308.00
(
-0.06%
)
Brent Oil
87.33
(
0.48%
)
Bitcoin
58,303.94
(
-3.09%
)
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Twotone

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Twotone

Re: stamplicker123 post# 45081

Monday, 06/06/2011 12:06:07 PM

Monday, June 06, 2011 12:06:07 PM

Post# of 118202
Right now it takes about 8 ounces of gold to buy 1 share each of all 30 stocks on the Dow Jones average. Historic average is about 10 ounces of gold. We're not that far below the average right now.
AT the current leveal of the Dow, an historic freak out level like 1980 would be 2 ounces of gold to buy 1 share each of the 30 stocks on the Dow Jones average. That would put gold at $6000 an ounce. History does tend to repeat itself.
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