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Gold Oil

Gold vs. Oil


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Quotes of the day:

Truth may be stretched, but cannot be broken, and always gets above falsehood, as does oil above water.

— Miguel Cerbantes

According to an article by mining.com, Gold and oil usually rise and fall in tandem. Conventional wisdom is that rising oil prices push up inflation increasing demand for gold as a hedge. Since 1970 the average ratio – how many barrels of oil can be bought with one ounce of gold – is around 15. … At the time both crude and gold were becoming more expensive.

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