The Dow Breaks Nine Times Gold

In addition to making an all-time high yesterday, the Dow just reached another milestone — it’s now more than nine times gold.


Peter Schiff, a well-known market bear and gold bug, said that gold and the Dow would eventually reach parity. The ratio reached a low of 5.7 eighteen months ago. In August 1999, the ratio peaked at 44.59.

Posted by on March 6th, 2013 at 10:51 am

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