Many analysts have attempted to value gold in other ways, such as by assuming aconstant ratio between the gold price and consumer prices, personal incomes, the amount of U.S. dollars in circulation or the value of the world's financial assets.
Gold is a great predictor of our economic health because as the most constant, objective measure of value in existence, its price is the single best measure of the value of the most important price in the world: the U.S. dollar.
Koch tends to invest in industries that convert raw materials into higher-value products, with complicated operations that require a lot of engineering talent and constant innovation in production methods.