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The relative price of gold and oil has remained almost constant over the past 50 years. So although the price of both (in either pounds or dollars) has risen during this period, if you were buying a barrel of oil with bullion you would hand over roughly the same weight of gold as you would have done in 1950. More startling is that gold has retained this purchasing power over even longer periods. It is thought that an ounce of gold bought...

2011-02-19

 bread price gold bullion oil inflation stability Keith Hudson