by Nick Hodge
Here’s a bold forecast: The value of an ounce of gold in U.S. dollars will pass the point value of the S&P 500 by New Year’s Day in 2020.
Right now gold trades at $1,266 per ounce.
[…] The S&P is at 2,092 — having bounced up against the psychological hurdle of 2,100 a few times now.
[…] But it was just a few billion free dollars ago that the S&P wasn’t in such bullish form.
This very day — June 22 — in 2012, the S&P traded in the low 1,300s while gold traded over $1,600 per ounce.