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Seekingalpha.com reported on Gold’s Dramatic Rise and Fall in 1980s :
Seekingalpha.com reported on Gold’s Dramatic Rise and Fall in 1980s :
Many analysts and journalists do all sorts of historical analysis for gold prices, looking back at the Q1 1980 high of $800 + (nominal price) and using this number in all sorts of statistical comparison. But what one has to be extremely careful about is the fact that this price was an extreme movement which didn’t last for too long at that time. Gold moved above $700 and stayed there for just a couple of weeks before dropping into the $300-500 range (nominal) for most of the ’80s.
