The Myth of Record-High Gold

Economix reports Gold is at a record only if you fail to adjust for inflation.

The editorial is quoted as saying:

The notion that gold is more expensive than ever happens to fit with a larger narrative that also does not square with the facts — namely, that inflation is an imminent threat. This can be a bit confusing, I realize, because inflation plays two roles in the story: past inflation distorts our view of record highs, while future inflation is the concern of some of those people making a big deal out of gold.

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