Last year the Gold/Oil ratio hit all-time highs, shattering the record from the Great Depression. After oil’s plunge and gold’s recent surge, KWN thought it was a good idea to take a look at the astonishing Gold/Oil ratio.
Despite the continued propaganda and outright lies about the economic recovery, this remarkable indicator is flashing major warning signals just like it did during the Great Depression.
KWN: January 25, 2016…
The following chart and commentary was published by King World News on January 25, 2016:
“With the Gold/Oil ratio recently stretched to extremes by hitting 70-year highs, and having only been at this level during the Great Depression, we may finally be seeing the long-awaited bottom for crude oil prices (see remarkable chart below that now includes data going back to 1920).”
100-Year Chart Of The Gold/Oil Ratio
Then, just 2 weeks later in February of 2016…
The Gold/Oil ratio proceeded to hit an all-time high just 2 weeks later, which is when the chart below was published on King World News:
Gold/Oil Ratio Hits Shocking New All-Time High Of 47:1!
Fast forward to today…
Gold/Oil Ratio Nears 30:1, Again
What Does It All Mean?
While the Gold/Oil ratio has now risen close to 30:1, it is incredibly extended above its long-term median average of 15.5. This indicates how fragile the global financial system really is at this point in history. Meaning, what we are seeing can now only be compared to what took place during the Great Depression. Adding fuel to the Gold/Oil ratio has been the fact that for two quarters in a row investment demand for gold has outstripped jewelry demand, also a first in history!…
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The Bottom Line
The bottom line is that the Gold/Oil Ratio is trending well above the 15:1 average because the world has been and continues to be in a rolling depression. If you look at the first chart featured at the top of this piece, you can see how the Gold/Oil Ratio traded during the Great Depression. Because the world today is also experiencing a period of great economic turmoil, we can expect to see the Gold/Oil Ratio trade at highly elevated levels for quite some time. Meaning, gold is treasured during times of crisis. As the economic chaos of this cycle kicks into high gear once again (worse than 2008), it will be very interesting to see how extreme the ratio will trade. Meanwhile, gold investors must remain patient. Your time is coming.
Also, King World News just interviewed billionaire Eric Sprott who discussed skyrocketing silver and much more and you can listen to the remarkable KWN audio interview with billionaire Eric Sprott by CLICKING HERE OR ON THE IMAGE BELOW.
***KWN has now released the remarkable audio interview with whistleblower and London metals trader Andrew Maguire discussing the US propaganda surrounding Fort Knox, an update on the upcoming 250 tonne physical order for gold and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: One Of The Greats Just Warned The World Is Now Heading Into “A Perfect Storm” CLICK HERE.
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