The Gold Bubble 40 Years On

Next week will mark the 40th anniversary of gold’s peak. On January 21 to be exact.

Since then, gold is down one-third in real terms (gold has nearly doubled while inflation has tripled).

Here’s the price of gold adjusted to today’s dollars.

What’s interesting is that gold seems to move in decade-long patterns that are either really good or really bad. Not much in between.