Macroeconomics 19th Oct '20 Gold to Oil Ratio Between 1860 and today, one ounce of gold has purchase 20 barrels of crude. 80% of all observations are within 10:1 (gold is cheap relative to oil) and 30:1 (oil is cheap relative to gold). Source. Click to share on Twitter (Opens in new window)Click to email a link to a friend (Opens in new window)Click to share on LinkedIn (Opens in new window)
