Black Gold Who? Or, How Much Oil Did You Say I Could Get for One Ounce of Gold?

You can buy twenty eight barrels of oil with an ounce of gold today. Thus sprach the market.


Here’s the gold-oil ratio since 1946. The market’s such a waffler, it should think before it spraches.

Macrotrends.org_Gold_to_Oil_Ratio_Historical_Chart[ Source ]