Hours of Labor Required to Buy One Unit of Gold or Oil

June 9, 2011 2:04pm by Barry Ritholtz

These three charts are pretty cool (courtesy of The Chart Store) — they show many hours you need to work in order to buy one unit of each of these — Oil, Gold and the4 CRB Commodities Index.

This introduces another element to commodity pricing — relative wage gains.

click for larger charts

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