yogiudo

The Gold-Oil Ratio Approaches All-time Lows

I had to interject here - Gold is NOT a store of energy.

Not unless we learn how to produce nuclear fission from Gold.
An energy store is exactly that. An energy store. There is no way to run a car on gold, or pull a wagon.

It takes alot of energy to extract it, however as an Engineer you should know that you can not get that energy back out of Gold.

Gold is, and will continue to be a form of money. Don't confuse yourself or others into thinking for one moment that gold is a store of energy, because it is not. Gold is metal. Uranium is also a metal, however it is a store of energy because we have technology readily available to convert uranium into energy.

Gold will however be an execellent hedge when the dollar, euro and fiat currencies begin to collapse due to greedy bankers.