Chart of the Day: Real Gold Prices

Here’s some perspective on the recent gold rally and decline.  Via Goldman Sachs:

  • The 2012 average gold price was only 2.5% lower than the 1980 average of $1,711/ounce in real terms.
  • The long-term real price average is $507/ounce, and the post Bretton Woods (1972 onwards) average is$741/ounce.
  • Despite the latest price drop, prices remain high historically.

real_gold

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Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.

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