Gold by the barrel?

I keep telling people that the whole commodities "boom" is quite crazy of "loupy" and that the media is not helping to provide any enlightenment. To wit, I just saw this single-line report on MarketWatch:

1:17 PM ET 4/21/06  JUNE GOLD LAST UP $1.11, OR 1.5%, TO TRADE AT $74.80/BRL

I have to admit that $74.80 seems an awfully cheap price for an entire barrel of gold.

And I suspect that there plenty of commodity "nuts" who think that oil is worth more than $600 an ounce.

-- Jack Krupansky