by Hubert Moolman
GoldSeek
Today, if gold had the same kind of performance as the Dow since around the creation of the Federal Reserve in 1913, then it would have topped out at around $7 758 [(29568/78.78)*20.67]. Yet, it only has an all-time high of about $2 089.
In 1973 gold was in a similar type of position. The Dow had peaked at 1067.2 (in Jan 1973), which represented a X13.55 (1067.2/78.78) since 1913. If gold had scored a similar performance, it would have had a peak of about $280 (13.55*20.67), yet its peak at that time (the beginning of 1973) was only around $70.
Of course gold eventually reached $280 to match the Dow’s performance, and peaked at around $880 in 1980. Thus, in my opinion, it is virtually guaranteed that gold will again catch up with the Dow’s performance since 1913, and significantly surpass it just like in the 70s.