The Gold-Oil Ratio
Gold:Oil Ratio (Barrels of WTI per Ounce of Gold; monthly since 1946) -- incl. May 2010
http://gold.approximity.com/gold_charts.html
http://gold.approximity.com/Gold_Oil_Ratio_since1946.PNG
2008
Gold Price History
Oil Price History
http://www.incrediblecharts.com/economy/gold_oil_ratio.php
Jun 17, 2008
The gold to oil ratio remains near all time multi decade lows and clearly shows gold is undervalued vis a vis the lifeblood of the global economy - black gold or oil. With gold at $880 per ounce and oil at $135 per barrel, the gold/ oil ratio is now at 6.5. The average in the last 40 years is 15. Oil has well surpassed it's inflation adjusted 1980 high of $104 a barrel ( the nominal high in 1980 was $39.50 a barrel which equals $103.76 in today's money).
http://www.marketoracle.co.uk/Article5105.html
April 1, 2005
http://www.gold-eagle.com/gold_digest_05/hamilton040105.html
http://gold.approximity.com/gold_charts.html
http://gold.approximity.com/Gold_Oil_Ratio_since1946.PNG
2008
Gold Price History
Oil Price History
http://www.incrediblecharts.com/economy/gold_oil_ratio.php
Jun 17, 2008
The gold to oil ratio remains near all time multi decade lows and clearly shows gold is undervalued vis a vis the lifeblood of the global economy - black gold or oil. With gold at $880 per ounce and oil at $135 per barrel, the gold/ oil ratio is now at 6.5. The average in the last 40 years is 15. Oil has well surpassed it's inflation adjusted 1980 high of $104 a barrel ( the nominal high in 1980 was $39.50 a barrel which equals $103.76 in today's money).
http://www.marketoracle.co.uk/Article5105.html
April 1, 2005
http://www.gold-eagle.com/gold_digest_05/hamilton040105.html