Sr Site Supporter
- Nov 25, 2013
Im refering to the rally into the 2011 high. I guess only gold made new highs then but the same point stands. The thing with any market is they go through bull and bear markets.
This is very different from the price of 1lbs of ground beef. Average price in 1980 dollars was $1.29 and today it's $4.18(+224%). Shall we compare housing prices in a similar fashion? Auto prices? College tuition? What do you suppose those price comparisons will show?
Why is it that only PMs seem to be so far below their inflation adjusted all time highs as measured in fiat?