So on Friday gold traded at an all time nominal high of $2500. In 1924 the dollar was 1/20th a troy oz of gold. In 2024 the value of the dollar is now 1/2500th a troy oz of gold. According to BLS CPI calculator if you took the 1980 high of gold and adjusted for CPI "inflation" the real all time high would be in todays dollar would be $3400.
Im actually missing the days of $2000 or less for a gold oz. A liquidity squeeze might temporarily bring down gold to these levels but I predict more federal reserve notes will be needed in the future.
Gold is up on the year. Do you see this trend continuing?
Im actually missing the days of $2000 or less for a gold oz. A liquidity squeeze might temporarily bring down gold to these levels but I predict more federal reserve notes will be needed in the future.
Gold is up on the year. Do you see this trend continuing?
Statistics: Posted by naturewalker420 — Sun Aug 18, 2024 7:21 am — Replies 3 — Views 239