During gold's last bull market, gold prices rose from $35 to $850 for a gain of 2,329%. From gold's low in 2001 of $255.95 per ounce, that same percentage gain during the current bull market would send gold to $6,217 per ounce. The other way to look at gold's valuation is compared to the Dow Jones stock index. In 1980 the Dow Jones to Gold ratio bottomed at 1, meaning the price of gold matched the Dow Jones. If gold and the Dow Jones were to meet at the median of their current levels, we would be looking at $5,400 per ounce gold."Advertisement
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