Chart of the Day Gold in Real Terms
As Gold rallied past $1500, I wanted to find some historical context. The fascinating uptake comes to us via Holger Zschäpitz of Welt:
Gold would need to rise to $2,764/oz to make new peak in real terms, DB has calculated. 2 most extreme gold rallies in history were marked by high inflation from 1978-82, when gold peaked at $2,764/oz on Jan21, 1980, & QE from 2008-13, when gold peaked at $2,127/oz on Sep5, 2011.
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