Gold-Oil Ratio, Chinese And Indian Jewelry Buyers Lends Support To Gold Prices

The gold-oil ratio measures the number of barrels of Brent crude it would take to equal one ounce of gold. The ratio is currently 13.5. 'Gold prices would need to rise to $1,870 an ounce,' Mr. Holmes calculates, 'in order to reach historical ratio levels with $117 per barrel Brent crude oil.'

Source: http://blogs.forbes.com/greatspeculations/2011/07/21/gold-oil-ratio-chinese-and-indian-jewelry-buyers-lends-support-to-gold-prices/

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