Gold Vs Oil

Historically, Gold and Crude prices (Black Gold) share one of the strongest relationships.
Higher crude prices push up inflation, enhancing the appeal of gold as an inflation hedge. Simply put, their key relationship is represented through a number called goldoil ratio (gold price divided by oil price).
The 33-year historical average for this ratio has been around 15, indicating that 15 barrels of oil can buy an ounce of gold. This ratio signals buying and selling opportunities in the two commodities.

The gold-oil ratio has been weakening since the beginning of the year. Currently, this ratio is hovering around 8.3, indicating that around eight barrels of oil will buy an ounce of gold — much lower than the historical average of 15 and a more recent 10-year average of 10.4.
If the number has to move closer to the historical average (or 15), either gold must rise or crude must fall, or both conditions must be fulfilled. So it makes sense to invest in Gold now.

Here is some interesting data from the website goldprice.org

The historical price of gold in Rs. per ounce

Historical Gold prices in USD per ounce from 1800 to 2008 taken from finfacts.ie

Date	High	Low	Close
12/31/1800	19.3939	19.3939	19.3939
12/31/1801	19.3939	19.3939	19.3939
12/31/1802	19.3939	19.3939	19.3939
12/31/1803	19.3939	19.3939	19.3939
12/31/1804	19.3939	19.3939	19.3939
12/31/1805	19.3939	19.3939	19.3939
12/31/1806	19.3939	19.3939	19.3939
12/31/1807	19.3939	19.3939	19.3939
12/31/1808	19.3939	19.3939	19.3939
12/31/1809	19.3939	19.3939	19.3939
12/31/1810	19.3939	19.3939	19.3939
12/31/1811	19.3939	19.3939	19.3939
12/31/1812	19.3939	19.3939	19.3939
12/31/1813	19.3939	19.3939	19.3939
12/31/1814	21.79	19.3939	21.79
12/31/1815	23.07	19.78	22.16
12/31/1816	22.16	19.74	19.84
12/31/1817	19.89	19.3939	19.3939
12/31/1818	19.3939	19.3939	19.3939
12/31/1819	19.3939	19.3939	19.3939
12/31/1820	19.3939	19.3939	19.3939
12/31/1821	19.3939	19.3939	19.3939
12/31/1822	19.3939	19.3939	19.3939
12/31/1823	19.3939	19.3939	19.3939
12/31/1824	19.3939	19.3939	19.3939
12/31/1825	19.3939	19.3939	19.3939
12/31/1826	19.3939	19.3939	19.3939
12/31/1827	19.3939	19.3939	19.3939
12/31/1828	19.3939	19.3939	19.3939
12/31/1829	19.3939	19.3939	19.3939
12/31/1830	19.3939	19.3939	19.3939
12/31/1831	19.3939	19.3939	19.3939
12/31/1832	19.3939	19.3939	19.3939
12/31/1833	19.3939	19.3939	19.3939
12/31/1834	20.69	19.3939	20.69
12/31/1835	20.69	20.69	20.69
12/31/1836	20.69	20.69	20.69
12/31/1837	22.7	20.67	21.6
12/31/1838	21.52	20.69	20.73
12/31/1839	20.73	20.73	20.73
12/31/1840	20.73	20.73	20.73
12/31/1841	20.73	20.6718	20.6718
12/31/1842	20.73	20.6718	20.69
12/31/1843	20.71	20.67	20.6718
12/31/1844	20.6718	20.6718	20.6718
12/31/1845	20.6718	20.6718	20.6718
12/31/1846	20.6718	20.6718	20.6718
12/31/1847	20.6718	20.6718	20.6718
12/31/1848	20.6718	20.6718	20.6718
12/31/1849	20.6718	20.6718	20.6718
12/31/1850	20.6718	20.6718	20.6718
12/31/1851	20.6718	20.6718	20.6718
12/31/1852	20.6718	20.6718	20.6718
12/31/1853	20.6718	20.6718	20.6718
12/31/1854	20.6718	20.6718	20.6718
12/31/1855	20.6718	20.6718	20.6718
12/31/1856	20.6718	20.6718	20.6718
12/31/1857	20.81	20.6718	20.71
12/31/1858	20.6718	20.6718	20.6718
12/31/1859	20.6718	20.6718	20.6718
12/31/1860	20.6718	20.6718	20.6718
12/31/1861	20.6718	20.6718	20.6718
12/31/1862	27.542	20.774	27.542
12/31/1863	35.448	25.244	31.394
12/31/1864	57.052	31.313	46.356
12/31/1865	48.014	26.585	29.896
12/31/1866	32.191	25.838	27.49
12/31/1867	30.1	27.284	27.593
12/31/1868	30.695	27.309	27.827
12/31/1869	29.298	24.701	24.728
12/31/1870	25.217	22.737	22.893
12/31/1871	23.718	22.402	22.531
12/31/1872	23.849	22.426	23.149
12/31/1873	24.493	21.936	22.789
12/31/1874	23.537	22.531	23.123
12/31/1875	24.235	23.098	23.332
12/31/1876	23.693	22.116	22.116
12/31/1877	22.142	21.187	21.239
12/31/1878	21.239	20.67	20.67
12/31/1879	20.67	20.67	20.67
12/31/1880	20.67	20.67	20.67
12/31/1881	20.67	20.67	20.67
12/31/1882	20.67	20.67	20.67
12/31/1883	20.67	20.67	20.67
12/31/1884	20.67	20.67	20.67
12/31/1885	20.67	20.67	20.67
12/31/1886	20.67	20.67	20.67
12/31/1887	20.67	20.67	20.67
12/31/1888	20.67	20.67	20.67
12/31/1889	20.67	20.67	20.67
12/31/1890	20.67	20.67	20.67
12/31/1891	20.67	20.67	20.67
12/31/1892	20.67	20.67	20.67
12/31/1893	20.67	20.67	20.67
12/31/1894	20.67	20.67	20.67
12/31/1895	20.67	20.67	20.67
12/31/1896	20.67	20.67	20.67
12/31/1897	20.67	20.67	20.67
12/31/1898	20.67	20.67	20.67
12/31/1899	20.67	20.67	20.67
12/31/1900	20.67	20.67	20.67
12/31/1901	20.67	20.67	20.67
12/31/1902	20.67	20.67	20.67
12/31/1903	20.67	20.67	20.67
12/31/1904	20.67	20.67	20.67
12/31/1905	20.67	20.67	20.67
12/31/1906	20.67	20.67	20.67
12/31/1907	20.67	20.67	20.67
12/31/1908	20.67	20.67	20.67
12/31/1909	20.67	20.67	20.67
12/31/1910	20.67	20.67	20.67
12/31/1911	20.67	20.67	20.67
12/31/1912	20.67	20.67	20.67
12/31/1913	20.67	20.67	20.67
12/31/1914	20.67	20.67	20.67
12/31/1915	20.67	20.67	20.67
12/31/1916	20.67	20.67	20.67
12/31/1917	20.67	20.67	20.67
12/31/1918	20.67	20.67	20.67
12/31/1919	20.67	20.67	20.67
12/31/1920	20.67	20.67	20.67
12/31/1921	20.67	20.67	20.67
12/31/1922	20.67	20.67	20.67
12/31/1923	20.67	20.67	20.67
12/31/1924	20.67	20.67	20.67
12/31/1925	20.67	20.67	20.67
12/31/1926	20.67	20.67	20.67
12/31/1927	20.67	20.67	20.67
12/31/1928	20.67	20.67	20.67
12/31/1929	20.67	20.67	20.67
12/31/1930	20.67	20.67	20.67
12/31/1931	20.67	20.67	20.67
12/31/1932	20.67	20.67	20.67
12/31/1933	34.06	20.67	32.32
12/31/1934	35	34.06	35
12/31/1935	35	35	35
12/31/1936	35	35	35
12/31/1937	35	35	35
12/31/1938	35	35	35
12/31/1939	35	35	35
12/31/1940	34.75	34.1	34.5
12/31/1941	35.5	34.25	35.5
12/31/1942	36.25	35	35.5
12/31/1943	36.5	35.5	36.5
12/31/1944	36.75	36	36.25
12/31/1945	38.25	36.25	37.25
12/31/1946	39.5	37.75	38.25
12/31/1947	43.25	37.5	43
12/31/1948	43.25	41.5	42
12/31/1949	42.5	40.5	40.5
12/31/1950	41.5	36.5	40.25
12/31/1951	44	40	40
12/31/1952	40.75	38.15	38.7
12/31/1953	39.25	35.25	35.5
12/31/1954	35.5	35.25	35.25
12/31/1955	35.25	35.15	35.15
12/31/1956	35.2	35.15	35.2
12/31/1957	35.25	35.15	35.25
12/31/1958	35.25	35.25	35.25
12/31/1959	35.25	35.25	35.25
12/31/1960	36.5	35.2	36.5
12/31/1961	36.5	35.15	35.5
12/31/1962	35.5	35.2	35.35
12/31/1963	35.42	35.25	35.25
12/31/1964	35.35	35.25	35.35
12/31/1965	35.5	35.25	35.5
12/31/1966	35.5	35.3	35.4
12/31/1967	35.5	35.27	35.5
12/31/1968	43.5	35.85	43.5
12/31/1969	43.5	35.2	35.4
12/31/1970	39.9	34.9	37.6
12/31/1971	44.2	37.7	43.8
12/31/1972	70.3	44.3	65.2
12/31/1973	126.3	64.2	114.5
12/31/1974	195.5	116.8	195.2
12/31/1975	199.1	138.5	150.8
12/31/1976	151	109.5	145.1
12/31/1977	180.7	136.5	179.2
12/31/1978	264.2	178.9	244.9
12/31/1979	578.7	233.8	578.7
12/31/1980	850.0	495.2	641.2
12/31/1981	647.1	415.5	430.8
12/31/1982	522.8	318.7	484.5
12/31/1983	545.6	398.5	415
12/31/1984	435.7	328.7	331.3
12/31/1985	364.1	301.6	354.2
12/31/1986	471.8	351.8	435.2
12/31/1987	531.7	419.4	522.9
12/31/1988	522.2	421.9	441
12/31/1989	448.5	383	433.4
12/31/1990	451.8	370.9	423.8
12/31/1991	432.7	369.1	379.9
12/31/1992	384.6	353.1	356.3
12/31/1993	435.3	349.7	419.2
12/31/1994	425.8	396.4	409.8
12/31/1995	422.9	385.2	385.6
12/31/1996	401.3	367.8	367.8
12/31/1997	365.2	282.5	288.8
12/31/1998	313.8	274.1	288
12/31/1999	326	252.3	287.5
12/31/2000	316.45	264	272.15
12/31/2001	294.8	255.3	278.7
12/31/2002	349.25	278.2	346.7
12/31/2003	416.00	322.75	414.8
12/31/2004	455.75	373.50	438.10
12/31/2005	540.90	410.40	517.20
12/29/2006	730.00	516.75	636.30
12/31/2007	845.40	601.70	833.20
12/31/2008	1032.70*	712.00	880.30

Here is some more info on the Gold prices. This graph has been created by kitco.com. This webiste has some very good data on gold.