Robert Sczech

The Gold-Oil Ratio Approaches All-time Lows

Engineer: Storing energy in a car battery means that one can recover a high percentage (80% to 90%) of that energy stored in the battery. Gold is not a store of energy since the energy expended in producing that gold can not be easily recovered. It takes energy to grind a stone into sand. Once the sand is produced, there is no easy way to recover the energy dissipated.

Having said that, I agree with you that gold is a highly desirable metal. The main usage of gold is jewelery (wedding rings). In other words, we need gold in order to attract a woman. We need oil in order to give more than 6 thousand million humans the privilege to participate in the unfolding drama on this beautiful planet located in a tiny spot of the universe. Without oil, the human population would be much smaller.