I remember reading an article a few years ago - no longer have the orignal text but key point was that since 1920, the price of 1 oz Gold = 16 x 1 barrel of oil.
For the period 2004 to 2007 the POG has = 9x 1 barrel of oil.
Provides some basis for a more optimistic view of the POG in the longer term - IMO
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I remember reading an article a few years ago - no longer have...
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