by Mike Maharrey, Gold Seek:
Just last week, gold finally broke a “real” record that’s been in place since 1980.
“Now, wait a minute,” you might be thinking. “I’ve been hearing about new record gold prices since last spring. What in the world are you talking about?”
Well, you’re right. In nominal dollar terms, gold has been breaking records seemingly week after week for months. However, when you adjust the price of gold for price inflation, it was more expensive once in history – back in January 1980.
That record has finally tumbled.