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This is a good indicator that was used in the seventies. I will have to research to learn what the ratio was then as you may know gold had a big time move before it plunged.
Jun 23 09:26 am
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All Comments by Prudent Man CFA »The Gold-Oil Ratio Approaches All-time Lows [View article]
To answer a previous respondent: As of today, historically gold is cheap v. oil. I know nothing about gold except that I foolishly bought two gold wedding rings that I am still paying for.
Personally, oil is more useful than gold. This is one thing I agree with Warren Buffet on.