| From Businessmirror.com.ph: Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on October 14, consumer prices almost tripled in the past three decades, eroding the metal’s value.
Bullion hasn’t kept pace with the cost of bread, fuel or medical care. In 1980, gold hit a then-record $873 an ounce. In today’s dollars, that would be $2,287, according to the US Department of Labor’s inflation calculator........................Full Article: Source
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