Monday, October 29, 2007
Gold to Oil Ratio Falling in 2007
The gold to oil ratio has been falling in 2007 with oil prices increasing at a faster rate than gold. The ratio now sits around 8.45 barrels to gold ounce, the lowest all year. With gold hitting 28-year highs and oil at all-time highs, the question now becomes: Is oil too high or is gold not high enough? -Resource Investor
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