The Gold to Oil Ratio since 1985
When the gold to oil ratio approaches 30x, oil is undervalued. When it approaches 10x, gold is undervalued.
Image: Goehring & Rozencwajg
When the gold to oil ratio approaches 30x, oil is undervalued. When it approaches 10x, gold is undervalued.
Image: Goehring & Rozencwajg