Oil prices are undergoing the greatest conspiracy in their history.

79 barrels of oil for one ounce of gold.

On November 12, 2025, I wrote an article about the gold-to-oil ratio reaching 70 barrels of oil to buy one ounce, a historically unprecedented ratio. Now, after approximately 44 days, the ratio has reached 79 barrels per ounce, indicating a frightening collapse in the currency's value.

When we say that one ounce of gold equals 79 barrels of oil, we are not talking about a passing figure or a theoretical comparison, but about a deep imbalance in the global pricing mechanism between two real assets: gold as a store of monetary value, and oil as the fuel of the global economy.

This ratio is known economically as the gold-to-oil ratio, and it is one of the most honest indicators of distortions in the existing monetary system because it goes beyond the dollar and fiat currencies, comparing a commodity to a commodity, and a real value to a real value.

What does the ratio of 79 mean historically?
From 1946 until 2014, the ratio was around 14 barrels of oil per ounce of gold. It rose in 2017 to 25, but the historical average remained between 14 and 25 barrels per ounce. Even during periods of turmoil, any reading exceeding 40 or 50 barrels of oil per ounce was considered a warning sign.

But now, with the ratio reaching 79 barrels, it is an abnormal ratio historically and cannot be explained solely by supply and demand factors. It reflects a severe monetary imbalance, not an oil shortage or weakness in its value—oil is not suffering from real depreciation due to oversupply or decreased demand, but from deliberate price suppression. Gold rises because confidence is falling. This high ratio does not mean gold is overpriced; rather, it indicates that:
Confidence in fiat currencies is eroding. Gold is regaining its natural role as a monetary benchmark. Capital is fleeing from paper to the real asset. As money printing increases, debts rise, and budgets swell, gold rises—not only because it is a scarce commodity but because it is a currency without policy. Oil is suppressed because it is a sovereign commodity.

Therefore, when you see one ounce of gold buying 79 barrels of oil, you are not witnessing an oil abundance but a pricing policy that tells us three clear facts: gold prices the monetary truth, oil is priced based on political considerations rather than economic ones, and energy-producing countries are not receiving the true value of their commodities.

In conclusion, 79 barrels of oil per ounce of gold is not just an extreme ratio but a silent condemnation of the global monetary system. It is evidence that: gold has returned to measuring imbalance, and oil has become a victim of this imbalance. Producing countries are paying the price for a system’s stability that they did not design.