% Global Assets in Gold&Gold Mining Stocks,1921-2009.
YEAR---%
1921---28%
1932---20%
1948---30%
1981---26% (note: gold hit record high in January that year)
2009---Less that one percent.
(Source, Chart described by Randy Marshall today. Randy said the study was reported by Sprott Asset Management, and that it appears in the current issue of Harold Siegel's newsletter, The World Financial Report,http://www.hesradio.com/radioshows.html)
Hope this helps,
Baires