Gold at new nominal high $2236 still far below inflation-adjusted high $2679

Wow, an ounce of gold his $2236 USD today, the highest price ever seen. But it's still well below the inflation-adjusted high of $2679 in 2011 when the price was $1921, or of $3323 in 1980 when the price was $873. This is a major indicator that even at the highest price in history, gold is likely still very undervalued and has a lot of upside potential. That's to say nothing of the fundamentals for gold, which are stronger now than they've ever been, as the world heads into war, economic collapse, and hyperinflation.

So the price could increase by another 1/6th from here, and it still wouldn't really be at a record high when inflation is taken into account.

I also note the US national debt is now 34.6 trillion dollars. Another trillion is created from thin air every 3 months or less. This is rapidly devaluing the US dollar.

Gold was under $1000 CAD when I recommended to anyone who would listen on YouTube, as well as my friends and family, that they buy gold. Today it's over $3000 CAD and likely to hit $5000 soon.

The gold to silver ratio is currently 90, another indicator that we're nowhere near a top in precious metals. It will drop below 40, and likely even below 20, at the peak of the coming bull market. Gold's going to go up from here, but silver's going to go up a lot.

So gold is at a record high price, but there are many things screaming to us that it's going a lot higher.

Keep on stacking!
DRutter