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Dow Jones and Gold Reach Historic 7:1 Ratio
Today the Dow Jones closed at 11,383. Gold closed at 1666. The ratio is now 6.83:1. Less than 7 ounces of gold can now buy a share in the Dow Jones.
by Quinton Figueroa on August 4th, 2011
This has only happened twice in American history, and both times they met at 1:1 within two years.
What does this mean? It means that historically speaking an ounce of gold will buy a share of the Dow in the next two years. At what price? Who knows. It could be 3,000. It could be 5,000. It could be 20,000. But at some point within the next two years gold will most likely match the Dow.
Get ready.
Filed under: Business, Gold, Dow JonesAbout The Author
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I hope that this situation will no longer be met in the future, because it is not okay what is happening.
Without understanding the gold spot price, you risk making significant mistakes when you invest in gold its better to check it first online there are many offer witch is very helpful.
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