[Toddsterpatriot]

A long time ago, gold was always pegged to the price of oil at a ratio of 16 to one.

When? Link?

[Fungi]

It was in a rticle in Time when it was a more “respectable” publication. It was in the seventies so will never find it online. Here is a chart plotting the ratio: http://www.macrotrends.net/1380/gold-to-oil-ratio-historical-chart