In order for the gold price to fully reflect the loss in USD purchasing power, it would need to be $3460 oz. today. As it is, gold is priced at $3045 oz.; more than $400 oz. cheaper than its inflation-adjusted high in 1980.
This is a must-watch conversation for anyone concerned about the stability of not just the US dollar but any currency, the erosion of purchasing power, and the importance of financial freedom.
The bottom line is that the inflation dragon isn’t dead. Sure, the Fed might have knocked it to the mat. But it’s not down for the count. This is bullish for gold.
With gold at record highs and central banks buying at any price, the key question isn’t just where gold is headed—but why the system is changing so dramatically.
In a recent Money Metals podcast, Mike Maharrey interviewed journalist Stuart Englert on gold revaluation, precious metals market manipulation, and its impact on the financial system.
