Loading ...Yep something to think about but who knows if they could be trading with some of the Brics in limited quantities and it could take advantage of the supply deficit. Meanwhile we have a printing press going and loss of billions with multi fraud going on in demo states. Not to mention in their presence of weakness during Biden war opportunities and money meant for citizens going to Ukraine and more fraud and theft of billions meant for our citizens going out the window.
A look back in time. What were the ratios in the stock markets during the inflation peak in1980 before they used interest rates which are generally bearish to the markets to bring down inflation. Also what was the physical ratio with the markets. Phyz vs the Stock Market Jan. 1980…
- Gold Price: Gold reached a nominal peak of $850 per ounce on January 21, 1980. The average price for the month was around $677 or $614.75, depending on the data source.
- XAU Index: The Philadelphia Gold and Silver Index (XAU) was established on January 19, 1979, with a base value of 100.00. Historical data suggests that around the time of the gold price peak, the ratio of the Dow Jones Industrial Average to gold (a related metric) fell to a low of 1.29 ounces in January 1980. This indicates that the XAU index value itself was likely near the price of gold in dollar terms, leading to a ratio near 1.0.