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Strategies & Market Trends : John Pitera's Market Laboratory
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To: pogohere who wrote (8643)1/11/2008 1:31:02 AM
From: Patrick Slevin1 Recommendation  Read Replies (1) of 33421
 
One thing about gold is that is stays relatively constant during times of fluctuating commodity prices.

For example, from what I gather roughly the same amount of gold could buy a barrel of Crude oil today as it could 60 years ago.

In that sense it's a constant.

I'll see if I can locate a chart that marks the value of gold versus the cost of crude & post it.

EDIT, found this on the Goldmoney website....

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