September 3, 2024・Original Analysis
Trouble Ahead? The Gold-Oil Ratio Is Inching Back Up
The Gold-Oil ratio — which signifies how many barrels of oil you can buy with an ounce of gold — has been steadily rising since its dramatic COVID-era spike in April 2020. A high ratio tends to signify economic trouble and a weak dollar, since it demonstrates that gold has an even more dramatic rise […]