| Gold’s relationship with silver and the stock market seems to have changed. The mint ratio is the gold price divided by the silver price. Assuming supply stays reasonably stable, the mint in recent times has tended to rise when equities fall.
When the S&P 500 hit its post-dotcom bubble low in 2003, the mint breached 80. Just before Wall Street’s credit crunch trough in early 2009, the mint brushed 90. The inverse correlation is explained by investors lowering the price of silver relative to gold as the tougher economic times hurting stocks are seen reducing demand for the grey metal. Gold has hardly any industrial uses...............................................Full Article: Source
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