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Moneycontrol.com >> Message Board >> View Messages >> Other Market Topics
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Gold and Oil (1)   17-May-08 21:37Tracked by (0)  
Posted by:   gv on ( 17-May-08 21:37 )
Hi,
Gold still seems the best choice of investment in spite of the spectacular rise,look at this logic here
Quote
"GOLD IS NOW "SUPERCHEAP"

Gold and oil, the poster children of the commodity bull market, are at odds with one another.

Because they respond similarly to inflationary pressures, gold and oil generally move in tandem. Over the last 25 years, one ounce of gold has been able to buy, on average, about 15 barrels of oil. Right now, however, one ounce of gold will buy you just seven barrels of oil, less than half its traditional purchasing power.
As this chart shows, we've been in a similar situation less than 10% of the time in the last 25 years. During these times, gold has outperformed oil by an average of 8% over the following three months. So if you don't own any gold, now is a good time to pick some up.

– Ian Davis
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