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Looking at historical S&P 500 to Gold ratio, stocks are definitely more expensive but nowhere near dotcom frenzy. Either we see market correction or gold is und
by lubos 6y ago
Looking at historical S&P 500 to Gold ratio, stocks are definitely more expensive but nowhere near dotcom frenzy. Either we see market correction or gold is undervalued and will catch up. In that case there might be no stock market crash.
https://www.macrotrends.net/1437/sp500-to-gold-ratio-chart https://www.macrotrends.net/1437/sp500-to-gold-ratio-chart
- fractionalhare 6y agoWhy do you believe this is a predictive measure?
- bluedevil2k 6y agoGold is not a suitable comparison to stocks - it gets brought up on here all the time. Gold is not uncorrelated to the market. Gold is not a store of value. Gold is a speculative investment with a great marketing team.
- yarky 6y agoEverything is correlated when shit hits the fan. Gold has stored value since forever. These days every investment is highly speculative.
- webmaven 6y ago> Everything is correlated when shit hits the fan. Gold has stored value since forever. These days every investment is highly speculative. I wouldn't want to be holding a lot of precious metals if/when asteroid mining gets going.
- edoceo 6y agoBTC and Doge enter the chat...
- Clewza313 6y agoGold has two things going for it: there's a baseline of "real" value underpinning it (not just industrial use, but lots of fast-growing Asian countries relying on it for dowries etc), and historically gold holds up quite well when everything else is doing badly. However, it's also fundamentally unproductive (no dividends, no real capital growth), so it's going to be a losing bet most of the time.