US EditionOil Priced in Gold is Near All-Time Lows
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Oil Priced in Gold is Near All-Time Lows
by Alasdair MacLeod Gold Money Crude oil priced in gold has reached the second lowest levels in history. This is mainly due to record high gold prices rather than low oil prices. In our view, gold is more efficiently pricing in future dollar devaluation than oil prices as oil prices remain bound to near-term supply and demand dynamics of a potential global recession. But also other asset classes such as real estate appear “cheap” on a historical…
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