Gold Is Cheaper Now Than in 1980
Gold is currently priced at $1772 oz., somewhat lower than its peak in August 2020 at $2060 oz. In either case, the gold price has increased considerably since 1980.
After forty years, though, one might be inclined to ask in all sincerity ?Is that all there is??
The question has merit. In inflation-adjusted terms, gold is actually cheaper today at $1772 oz. by twenty-three percent compared to it?s high in January 1980 at $850 oz.
