— Published: Tuesday, 4 September 2018 | Print | Disqus
A Monday Morning Musing from Mickey the Mercenary Geologist
September 3, 2018
Today I certificate and assay gold and oil prices and their ratios from January 1970 to August 2018. This is the additional allotment of our assay and assay on gold-oil ratios aback Apple War II.
As a reminder, we use account boilerplate London gold prices provided by Kitco.com and account boilerplate oil prices for West Texas Intermediate Awkward (WTI) sourced from the United States Energy Advice Administration (EIA).
Last week, I advised prices and ratios of gold and oil from 1946 thru 1969 aback both t were anchored by authorization in US dollars.
In a alternation of three accomplish from 1971 to 1973, the United States withdrew from the 1944 Bretton Woods agreement, attenuated the dollar, and advisedly floated it adjoin gold. Aback added automated countries floated their currencies in March 1973, a new apple bread-and-er arrangement was accustomed with the US dollar as the world’s assets authorization bill
The account boilerplate amount blueprint for gold (
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