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Thursday, 12 March 2009
OIL and GOLD
Gold is at 950$ an ounce while oil is 40$ a barrel. You can buy 25 barrels of oil for 1 ounce of gold. This is the cheapest oil has ever been in history. On the other hand you can see how our money dollars have depreciated. Oil in dollars (paper) has risen 10 times. Meanwhile the ratio of oil and gold has decreased by 65%. The point is you can see gold really has value.
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