Gold is less than half the price it was in 1980

[uscitizen]

In 2007 dollars gold hit over 2,000/oz in 1980.

 

[Damocles]

In 2007 dollars gold hit over 2,000/oz in 1980.

14% inflation will do that. It is why gold/silver are good investments in downturns when inflation can be expected to go higher.

 

[uscitizen]

Now with oil on the other hand we have topped our previous high when adjusted for inflation.

 

[uscitizen]

Another tidbit, commodity prices are up over 15% so far this year.