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An ounce of gold now buys 80 barrels of oil, and other eye-opening stats
The commodity price boom, especially pronounced in gold and metals, is generating some remarkable statistics and dramatically revising some hitherto well-established ratios. Consider this: one ounce of gold (GC00) now buys nearly 80 barrels of oil (CL00). Only once in the last 35 years has this happened when the oil price turned very briefly negative at the peak of the pandemic panic in the spring of 2020. One might also contemplate the ratio of gold to a staple commodity like wheat (W00). Three years ago, before the inflation spike and the Russian invasion of Ukraine that in large part sparked the rally in gold, one ... (full story)
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- Jan 7, 2026 6:01pm Posted byFundamental Analysis198
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