i dont see the need to inflation adjust gold, it doesnt make sense to me to do that
in nominal terms we are in the 5th wave in a 100 year chart, so i guess its going parabolic from here until fiat currency is dead... maybe in thousands of years from now fiat can make a comeback as a collectors item and start regaining value as an antiquity.. i dont think we will be pricing anything in dollars in the not to distant future unless they pass over the name to whatevre CBDC they invent but it will be in effect a new currency in all but name
XAUUSD in the background in yellow on a century timeframe
main chart is SPX/Gold ratio not inflation adjusted making a massive head and shoulders pattern
quite hosestly im really sceptical of anything inflation adjusted becuase i dont think the inflation data is gereall[y reliable
you could probably argue the same of pricing in gold during the closed window arbitrary pricing between 1934 to 1971, but at least since 1971, i think its more reliable to price assets in ratios to other assets rather than fiat
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