The Bells of August

One day, when the Dow/Gold ratio falls to 5, stocks will be a bargain again. Then, investors will be disgusted by stocks, not enchanted by them. That’s the dip we want to buy.

The bell tower of Trinity Church in the background, Wall Street in the foreground. Source: Getty Images

Monday, August 25^th, 2025

Bill Bonner, from Poitou, France

The big news came on Friday. The Wall S…