Price stability and commodities
19 December 2006
Over the fold is a price chart that I made a few years ago. In it I have charted the US dollar price of gold (shown in red) and of oil (shown in blue) with both prices normalised so that in both instances the price is 100 unit in the base year (1955). They are shown on a log scale so that relative volatility during different eras is more easily compared.
Observations, notes and comments:-
