The price of gold peaked out in real terms in 1979 at over $2,000 in today’s money. Briefly, an ounce of gold was so loved – and stocks so despised – that you could buy all the stocks in the Dow index for just a single ounce of gold.
September 21st, 2009 | Bill Bonner | 23 comments | ContinuedAll Posts Tagged With: "japanese market"
Your Second Chance to Escape the Bear Market
Big jump in the Dow yesterday – up 889 points. Does this mark the end of the downturn…the bottom of the bear market…the worst it’s gonna get? Read on…
October 30th, 2008 | Bill Bonner | 1 comment | Continued