Context and Perspective
We at the “Tent” and others on numerous financial sites, spend lots of time discussing gold’s price, it’s relative value to the dollar and other commodities, particularly to silver.(GSR) Jesse Felder posted this chart displaying the value of gold compared to the DJIA. I have seen the comparison on a number of occasions and it really puts where gold is today and where it is very likely headed to in the future into real context and perspective. Allowing for the fact that stocks are grossly over valued and likely to do at least SOME, mean reversion, golds upside potential is staggering.