
How does the price of oil compare with gold and platinum? Here is a time chart showing how many barrels of oil an ounce of gold can purchase:Petroleum today is almost $98/barrel, while gold ended at $1662/ounce, close to platinum at $1672. Thus, the ratio is 17, just below what you see on the above chart.Gold and platinum were both around $300/ounce in 1998 when the real price of oil was at an all-time low of around $11/barrel.Here...