Gold to Crude Oil Ratio
Oil falls by more than half in less than six months.
Gold is up 8% from its November 2014 low.
UPDATE: January 17, 2016- Gold Crude Oil Ratio Hits All Time High (charts updated regularly-click to see most current ratio)
An Ominous Sign
As oil plummets and gold rises, the gold to crude oil ratio has skyrocketed to levels last seen in late 2008/early 2009.
It should be obvious to anyone other than the most die hard CNBC economic cheerleader that a 60% drop in the price of oil in six months is a bad sign. Even more obvious is that ALL currencies are weak, including the U.S. dollar, because of massive debt loads and low or no economic growth.
The U.S. economic growth is a temporary mirage, the debt is very real.
Take a look at the Gold to Crude Oil Ratio as of 12:30 PM EST January 6, 2015. Gold is at $1220 an ounce and Crude Oil at $47.94 a barrel.
Gold Crude Oil Ratio One Year Chart
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
UPDATE: Gold Crude Ratio as of April 6, 2015
Gold Crude Oil Ten Year Chart