Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.
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"Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity." — Ray Dalio #moneywealth
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Over the long run, the price of gold approximates the total amount of money in circulation div…
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Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity. — Ray Dalio
About Ray Dalio
Ray Dalio was a Businessman from United States (1949–present).
Frequently Asked Questions
Who said "Over the long run, the price of gold approximates the total amount of money in…"?
This quote is attributed to Ray Dalio, a Businessman from United States.
When did Ray Dalio live?
Ray Dalio lived from 1949 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.