Thread: Oil hits new all time high
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Old 03-07-2008, 04:42 AM
Whiterook Whiterook is offline
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Real Name: Fred
Location: SE PA
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Default Re: Oil hits new all time high
Quote:
Originally Posted by Chris(CA) View Post
On the flip side; my gold that I bought with my tax refund last year has reached $990 an Oz!
Yup.
I've been buying gold, too; for about two years.

There is a loose, but definite relationship between the price of gold and the price of oil of around 8:1 to 10:1.

It's a pretty safe bet that your gold will be worth $2,000/oz. at around the same time that oil hits $200/brl. Keep buying the gold.
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