How many barrels of Texas Light sweet crude oil you can buy with one ounce of gold?
I will post more about this important ratio as well as other gold ratios in the future , but for now just two points :
1)Gold is far more ancient commodity then oil.
2) Oil is consumed and destroyed , Gold is durable !
Here is a 12 year chart of gold/oil ratio.
Sunday, December 25, 2005
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1 comment:
Thank you , I will keep on...
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