Could Less Than One Ounce of Gold Buy the Dow?
At the rate at which it's been plunging (which has been about one gold ounce per week less that buys a Dow share) it seems reasonable that if this continues, then we'll see the historic low of the 1:1 Gold/Dow ratio by this Spring!
Gosh!
So, what's to prevent a break in tradition so that even less than the price of one gold ounce buys the Dow?
For example, Gold at $ 4,000 per ounce and the Dow at $3,500 ?
Why not? And, do I hear he makings of another Q-Call here?
Baires