What Does the Historical 15:1 Gold to Oil Price Ratio Mean for Future Gold & Oil Prices?

Receive my take on whether gold:oil prices will revert back to the mean

In 1971, the price of a barrel of oil was $2.30 and an ounce of gold was $35, for roughly a 15:1 gold to oil price. In 1981, though the price of a barrel of oil spiked tremendously to $35, so did the price of an ounce of gold to $480. And over time, if the gold: oil price moved above or below 15:1, it has reverted back to the mean. In August 2022, the spot price of gold is $1,756. while the spot price of a barrel of oil is $95 for a ratio of roughly 18.5:1 (and a ratio of roughly 19.5:1 for the ratio of real physical gold: oil prices).