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Old 08-22-2011, 05:50 PM
popcorn_karate popcorn_karate is offline
 
Join Date: May 2007
Posts: 1,644
Default Re: The Week in Blog: Shiny Edition (Bill Scher & Kristen Soltis)

Quote:
Originally Posted by sugarkang View Post
Measuring oil by gold, the price per gallon is something like 25 cents.
1) if we measure both gold and oil by dollars, why when gold and oil are measured against each other would this difference manifest?

i.e. 1 oz of gold = 1800 dollars and one gallon of gas equals 4 dollars, so shouldn't a gallon of gas be worth 1/450 of an ounce of gold?


2) if you are measuring oil by gold, how can you end up with units of "cents"?
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