Wednesday, January 30, 2008
The 1980 high adusted for “real” inflation is $6,255 an ounce
The "Real" Gold Price
An example will be useful to illustrate this loss of purchasing power. Let’s assume that a recipient received $850 per month from the US government in January 1980. Using the US government’s CPI, that recipient is today receiving $2,310. However, if the US government had not made any changes to the way it calculates CPI, the recipient would today be receiving $6,255. This difference can be seen in the following chart, which presents the January $850 gold price adjusted for inflation using both CPI’s.
Posted by sold 2 rent 1 @ 03:17 PM (705 views)
2 thoughts on “The 1980 high adusted for “real” inflation is $6,255 an ounce”
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happyrenterz says:
harold says:
Silver shows even greater potential. Good article from Turk.