Die Gedanken sind frei, except I'm not allowed to publish all of them.
Saturday, February 25, 2012
Oil is Now Fairly Priced
Crude is almost $110, and gold is almost $1,774, so about 16 barrels buys an ounce of gold, just one barrel pricier than the ratio of 15:1 thought to be indicative of the historic relative fair value.