No ads, no remuneration, just the memories of elephants. Die Gedanken sind wirklich frei.
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.