The Gold-Oil Ratio
The gold-oil ratio is a method used to determine the value of one commodity, priced in terms of the other. Simply put, the ratio determines how many barrels of oil can be purchased by one ounce of gold.
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The gold-oil ratio is a method used to determine the value of one commodity, priced in terms of the other. Simply put, the ratio determines how many barrels of oil can be purchased by one ounce of gold.
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