** gold/oil ratio

  1. 24,765 Posts.
    So it's now down to its lows. One ounce of gold will only buy eight barrels of oil.

    White collar crooks are not in the same position to manipulate the oil price as they are the gold price.

    There are whispers that Arab oil producing nations will be loading up with physical gold at initially bargain basement prices.

    They know the huge short position that has been developed and the pain that can be caused by a sustained, substantial rise in the price of gold.

    Don't be surprised if Iran right now is looking very carefully at the implications for the US of buying tonnes and tonnes of physical gold.
 
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