Bill Bonner is the Founder and President of Agora Publishing, one of the world's most successful consumer newsletter publishing companies, and the author of The Daily Reckoning. Bill Bonner is also a frequent contributor to Strategic Investment. Bill Bonner is the author, with Addison Wiggin, of the New York Times business best-seller Financial Reckoning Day: Survivng The Soft Depression of The 21st Century.
Bill Bonner writes that the reality is that most stocks are very expensive, and that the correction that began in January 2000 was never permitted to become the major correction that the market needed.
Even at $600, the total world supply of gold above ground represents only 3% of U.S. dollar-based financial assets. As recently as 1980, the figure was 29 percent.
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