October 14, 2010

Expect A One-To-One Ratio Between Gold And The Dow Jones

So my target is for a relationship that’s close to 1-to-1 between gold and the Dow. I’ve had that target since the Dow was worth more than 40 ounces of gold. Right now it’s worth 8 or 8-1/2 ounces, so I think it’ll get down to 1-to-1. But you don’t know where that’s going to be. It could be Dow 5,000-gold 5,000 USD, it could be Dow 10,000-gold 10,000 USD; it could be Dow 20,000-gold 20,000 USD; it could be Dow 2,000-gold 2,000 USD. I don’t know where it’s going to be, but I think it’s going to happen.

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Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.