5/16/10 What Is The Inflation Adjusted Price Of Gold?

Precious Metals Market Analysis, By Michael Pennington (Copyright 2010 Pennco Coins)

Investors worldwide are seeking safe havens from economic uncertainties. The commodity super-cycle has swept gold prices up fourfold since 2001 — but that’s just the kickoff phase say the experts.

The chart below illustrates that $1,225/oz. gold is just over halfway to a new “inflation-adjusted” price peak of $2,358/oz. reached thirty years ago. (Using official inflation stats, what cost $850 in 1980, today costs $2,350).


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