tag:blogger.com,1999:blog-19976877.post114708302722965514..comments2023-11-02T07:11:14.228-04:00Comments on Gold Global Perspective: Gold / Oil ratio updateUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19976877.post-1147168207622768482006-05-09T05:50:00.000-04:002006-05-09T05:50:00.000-04:00I think the deflation scenario is unlikely due to ...I think the deflation scenario is unlikely due to the very high amount of global debt , especially in the developed economies. But even if the deflation scenario is to occur gold might actually go higher… So many reasons for gold to go higher…troyhttps://www.blogger.com/profile/06006943059818532601noreply@blogger.comtag:blogger.com,1999:blog-19976877.post-1147095898885818422006-05-08T09:44:00.000-04:002006-05-08T09:44:00.000-04:00I've read that the long-term average of the Gold /...I've read that the long-term average of the Gold / Oil ratio is 9.5, with a peak of 15 in Jan 1980.<BR/><BR/>Assuming oil hits USD$100, gold would be USD$1500.<BR/><BR/>But at such high oil prices, the likelihood of global recession seems real. This could break the Commodity Supercycle based on the China and India economic blooms.<BR/><BR/>If delation takes root, then oil demand falls. So will Anonymousnoreply@blogger.com