Yes I agree. We have become so accustomed to pricing everything in US dollars that it is hard to make the adjustment especially when there is no replacement to the dollar. To carry this post further in relation to oil, the traditional ratio of gold to oil is 15 barrels to 1 troy ounce. Currently it is around 9 to 1. A return to 15 to one sees gold at US $1500 or oil falling back to $60. Or the alternate view, gold price and oil price is totally unrelated and comparison is meaningless.
