There are approximately 6,205,094,048 troy ounces of gold in the world (according to USGS). I wonder how many shares underlie the SP500 value?
The S&P 500 index is a value weighted average of 500 of the largest-cap publically traded companies; not sure how that translates into shares, but it's a commonly-used indicator of overall stock market health.As far as I've been able to tell, February 14, 1991 was the last time gold closed higher ($368.15) than the S&P 500 ($364.22).Not trying to read any deep meaning into this, and I don't have the financial background to do an extended analysis. I point it out as an interesting indicator we haven't seen in quite some time, and one which may be saying something about the level of anxiety out there these days.
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