Checking In on the Gold to Oil Ratio
May 28th, 2008 | By Justice Litle | Category: Gold MarketWhat you’re looking at below is a chart of the gold-to-oil ratio. The gold-to-oil ratio is exactly what it sounds like. You simply take the spot price for an ounce of gold — around $900 per ounce as of this writing — and divide it by the price of a barrel of oil.