Quote:
Originally Posted by lamboguy
at some point, the ounce price of gold will be even to that of the dow. if the dow is going to 5000, that will be where you find the price of gold. if the dow goes to 50,000, that also will be where you will find the price of gold.
this gold and dow have matched during the great depression and also in 1979. same thing gonna happen this time around.
your long term trade should be LONG GOLD and equal amounts SHORT DOW.
when this trade finally goes to even, it will be time to look for another one. my guess is that by that time gold will NOT BE any good either.
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Your track record with gold in the past has not been too good. I recall you calling for $2000 an oz. back in 2017-18?. And RGLD is still underwater. But you could hit one eventually.
