Ratio of the Dow Jones Industrial Average to the price of gold The Dow-to-Gold ratio measures how many ounces of gold it takes to buy one “share” of the Dow Jones Industrial Average. In 2011 it took 6 ounces of gold to buy the Dow. It now takes 12 ounces of gold to buy the Dow. Because the ratio doubled, the Dow became twice as valuable relative to gold. This means the Dow significantly outperformed gold over this time period. In 2011, both the …
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