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Hi Plough, the inflation adjusted price for gold is no way near...

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Joelstar

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15/03/24

21:38

Post #: 72914902
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Originally posted by plough: ↑

The issue is if you look in the long term Gold always looks to be going up in value as Poster Joelstar highlighted with a link showing gold in contango , ie there is euphoria continually for gold , but gold got to around what it is now in US$ back in 1980 , and looked to be going higher , then over the next year it dropped down about 40% from memory , and look at a long term chart from 1980 to now and it has been a wild ride since then yet we are still at around the price of gold of 1980 despite all the inflation and increased mining costs - go figure .
Seems a self fulfilling prophecy for gold to keep going up in value ----- until it does not , look what has happened to Ni and Li in the last 4 months with those making assumptions .

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Hi Plough, the inflation adjusted price for gold is no way near an ATH.

Now compare today's price with the ATH using 1980 CPI formula!!

Gold still has a long way to go before it catches up to parity with legalised counterfeiting.

Gold 1980

$680 x 47(M1 supply expansion since 1980) = $31,960

Last edited by Joelstar: 15/03/24

SPR Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
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5 Great analysis

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Last $1.97		Change -0.025(1.25%)		Mkt cap ! $2.524B

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