Guns, gasoline and other things you can buy with an ounce of gold

How about enough gas to drive 9,000 miles in the average new car or light truck? That’s the distance from Alaska to the tip of South America.

By Nicholas Colas

The continued rally in gold and the ongoing turmoil in currency markets got us thinking about gold as money. Yes, we know that this is a role the yellow metal has played throughout history, but what can you really get for an ounce of gold today? Enough gasoline to drive 9,000 miles, to give one example.

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