sideshow Posted December 19, 2008 Report Share Posted December 19, 2008 I believe the long term gold to oil ratio is 1oz / 15 barrels. Given that the oil price has now slumped to $35, is anyone worried that gold is going to follow suit and fall to the 500s? Or will all of the quantitative easing measures practiced by central banks worldwide bring gold's monetary characteristics to the fore? I must admit that I'm a little concerned that oil will drag gold down. Link to comment Share on other sites More sharing options...
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