Gold Prices
Posted: Tue Aug 20, 2024 8:53 am
Gold is now over $2,500/oz
Historical relationship of Gold to Oil is 20 to 1, so oil should be $125/bbl. Maybe the relationship is no longer valid, but the relationship has not been this out of whack for long.
Historical relationship of Gold to Oil is 20 to 1, so oil should be $125/bbl. Maybe the relationship is no longer valid, but the relationship has not been this out of whack for long.