Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Even adjusted for inflation, gold is breaking out
    Precious Metal

    Even adjusted for inflation, gold is breaking out

    October 18, 20244 Mins Read


    After a period of heavy inflation resulting from the COVID-19 pandemic, it’s not uncommon for precious metals investors to be curious about how much of an effect the devaluation of the dollar has had on gold’s continued move to all-time highs.

    The answer is not a simple one, but a glance at the yellow metal’s inflation-adjusted prices shows that gold could be staging a breakout compared to its inflation-adjusted peak in 1980, which averaged $2,553 an ounce in today’s dollars during the calendar year. The price of gold averaged $672 in 1980.

    For the first time in its history, gold’s actual price surpassed $2,700 an ounce this week as it continues to produce consistent gains on a near-weekly basis.

    Gold recently surpassed its inflation-adjusted all-time highs. (Source: Pretiorates.com)

    That news could be digested either way for precious metals investors who may be growing wary of gold’s extreme year-to-date performance in 2024, during which prices for the metal increased more than 31%. Some investors may be concerned about gold reaching an all-time, inflation-adjusted peak, while others may take the news as a sign of a breakout that could lead to a parabolic move.

    Plenty of analysts are continuing to call for higher prices, including staffers at Goldman Sachs, which recently raised its target to $3,000 an ounce, along with several other investment banks that are expecting a continued move higher.

    Steve Kibbel, a certified financial planner and senior editor at InternationalMoneyTransfer.com, recently told CBS News, “Potential interest rate cuts and ongoing uncertainties in [other countries] could [also] drive up gold prices.”

    This chart shows the total inflation experienced by decade in the U.S. economy. (Source: www.inflationdata.com)

    Despite the recent breakout, gold is showing no signs of slowing down despite slowing inflation. That should only help its performance when adjusted for inflation, and Liberty Group founder David Hollander told CBS News last month he sees higher prices on the horizon.

    “Even with cooling inflation and potential Fed rate cuts on the horizon, I think the core factors driving gold’s appeal — like economic uncertainty, geopolitical tensions and demand for safe-haven assets — are likely to remain strong,” he said.

    Keith Weiner, CEO and founder of Monetary Metals, told CBS, “The stable yield on gold amidst … Fed rate cuts could further attract investors, making gold increasingly appealing compared to dollar-denominated assets.”

    Featured Gold Investment Companies (Ad)

    “Best Overall” by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star Rankings

    Expand Details

    Renowned for its exceptional customer service and commitment to transparency, Augusta Precious Metals has garnered numerous accolades, including “Best Overall” from Money magazine and “Most Transparent” from Investopedia. The company’s dedication to educating and supporting its clients has earned it top ratings from organizations such as A+ from BBB and AAA from BCA.

    Industry leader with over $2 Billion in gold and silver. Top rated precious metals company with buy back guarantee

    Expand Details

    From precious metals iras to direct purchases of gold and silver, goldco have helped thousands of americans place over $2 billion in gold and silver. Top-rated precious metals company rated A+ by the better business bureau rated triple a by business consumer alliance earned over 6,000+ 5-star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific ranked #17 2024 gold stevie award, fastest growing company inc. 5000 award recipient, 8+ years

    American Hartford Gold, ranked #1 Gold Company on Inc. 5000, boasts thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O’Reilly and Rick Harrison..

    Expand Details

    With over $2 billion in precious metals sold, American Hartford Gold helps individuals and families diversify and protect their wealth. Their expert team provides investors with the latest market insights and a historical perspective, ensuring informed decisions. Trusted by public figures and praised for exceptional customer service, the company offers competitive pricing on top-tier gold and silver coins, backed by a 100% customer satisfaction guarantee

    This article is for informational purposes only. The opinions and analysis herein are those of the author and are not financial advice. The Jerusalem Post (JPost.com) does not endorse or recommend any investments based on this information. Investors should consider their financial situation, investment goals, and risk tolerance before making any decisions. Consulting a qualified financial advisor is recommended. JPost.com is not liable for any investment losses from using this information. The information provided is for educational purposes only and should not be considered as trading or investment advice.








    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Silver Viper finalise l’acquisition du projet aurifère-cuivrique Cimarron

    Precious Metal

    Gold Cup | Jesse Marsch minimise la dernière procédure disciplinaire de la CONCACAF

    Precious Metal

    Cannes Lions 2025 : « Jamais le client n’achètera ça…» – Laurent Allias de Josiane en Gold Film – Image

    Precious Metal

    Pendant la Coupe du monde des clubs, la Guadeloupe de Jocelyn Angloma cherche à sortir de l’ombre à la Gold Cup

    Precious Metal

    Government Restricts Import Of Certain Gold-Containing Precious Metal Alloys—All About It

    Precious Metal

    Not Gold, This Shiny Metal Steals The Spotlight; Experts Say Industrial Demand Is Booming | Business News

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Production, souveraineté, compétitivité : les nouveaux défis de l’agriculture

    Property

    Four Corners Property Trust acquiert un site Tires Plus en Géorgie pour 1,7 million de dollars

    Property

    Batibouw: comment l’intelligence artificielle révolutionne aujourd’hui le domaine de la construction

    Editors Picks

    As regulations bite, VCs cautious on fintechs in short-term

    August 25, 2024

    Global market sell-off of metal caused the price of gold to fall by 1%

    August 6, 2024

    Commodity FX gets no help from higher US equities [Video]

    July 22, 2024

    EXCLUSIVE: Former White House Exec Discusses What’s Next For Bitcoin, Dems After Biden Bows Out

    July 30, 2024
    What's Hot

    Ces nouveaux muscles artificiels pourraient révolutionner la robotique

    March 18, 2025

    Senator Cynthia Lummis Reiterates Support For Bitcoin As US Reserve Asset

    July 13, 2024

    Osiane 2025.Fintech : les solutions innovantes de la plateforme PayRem Group

    May 14, 2025
    Our Picks

    Latam FX under pressure as commodities decline

    October 16, 2024

    3 Reliable Dividend Stocks Yielding Up To 6.5%

    February 3, 2025

    Labour savaged as multibillion-pound hotel empire slows UK investment | UK | News

    February 28, 2025
    Weekly Top

    Rencontre avec Tabahi, seul groupe de thrash metal du Pakistan

    June 20, 2025

    Tout comprendre à la nouvelle étiquette énergie des smartphones

    June 20, 2025

    Silver Viper finalise l’acquisition du projet aurifère-cuivrique Cimarron

    June 20, 2025
    Editor's Pick

    SpacePay’s Solution to Cryptocurrency Volatility

    February 28, 2025

    Castillo Copper provides strategic update for Australia project

    August 14, 2024

    Trending Cryptocurrency Tokens on Avalanche Chain Today – rLoop, ArenaToken, Pharaoh

    June 12, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.