Interesting comparison - gold price vs. Dow 30
Wingsrule
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A guy on Larry Kudlow's show just commented that the DJIA has hit a new low against gold...the Dow is only 8.5 ounces of gold.
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Just goes to show you how reliable some of these talking heads can be. Perhaps I missed some type of "inflation-adjusted" comment.
I just checked using the 'first day in December' Dow closing price for the last 20 years compared to a list of gold prices. The list did not explain whether it was a high / low / average for the year, but in 1998, I found the Dow closing on 12/01/88 at 2168 with a gold price of 410+, yielding 5.29 oz. 1989 and 1990 showed about 6.8 oz.
I did not go back any further.
roadrunner