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Gold hit an all time nominal high on Sept. 30
Thursday, October 1st, 2009 | Economics |
Goldmoney: “An important event occurred yesterday, September 30th. Though it has received little attention, it warrants mention, and for this reason, I now highlight it. Yesterday gold closed on the Comex in New York at $1,008.00. It was gold’s highest ever monthly close.”
That was gold’s highest price in nominal terms (not adjusted for inflation). USA Gold: “The inflation-adjusted price of gold at its 1980 peak is just over $2350 — that leaves a considerable amount of headroom just on the basis of making up for past inflation, let alone the prospect of continued inflation.”
Good times.
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