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As the chart below shows, it's revenue, to a great extent, is a function of the price of gold.ABX PS Ratio (NYSE:TTM) data by YChartsAs you can see, ABX has traded as high as 6X revenue in the past. That means ABX could rise as much as 4X over if we see a sustained rally in gold. However if gold rises, revenue will be higher.

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It argued that equities had fallen into disfavour by 1979. Evidence included a 10 year rise in gold prices, individual investors leaving the stock market in droves after suffering big losses a few years earlier, people putting their faith in housing as their major investment rather than stocks, and institutions seeking alternative investments in order to boost real returns. Equities averaged 17.87% a year.

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