Since 1906, gold has averaged a price of 1.50x the S&P 500, which we last saw with a monthly close in September 2011. This would currently value gold at $8,467.50 per oz, but with Apple (AAPL) continuing to trade for 8.18x revenue despite sad revenue growth of only 4% and deserving to trade for only 2-4x revenue, it is unlikely gold actually gets to $8,467.50 per oz in the near-term.
As NIA discussed in its September 7, 2024, alert entitled 'Yield Curve Rapidly Uninverting, Very Bullish for Gold' with gold at a price of $2,497.09 per oz, we explained why gold was likely to reach $3,741 per oz within twelve months. Click here to read NIA's September 7th alert!
Preparing Americans for Hyperinflation
