What 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.

With all the sniping and arguing in the media lately… you might be a bit confused as to whether oil or gold is the best hedge in the current climate. The answer’s quite simple… let me explain…