Any day now, the market price for gold bullion will cross the $3000/ounce mark. It will be a huge milestone and a first in history, and though $3000 is just another number, the psychological effect on the market will likely push prices even higher. The thing is, it actually won’t be a first in history. Though $3000/ounce is a price never yet achieved by the world’s most sought-after precious metal (gold was trading at $2940/ounce as of yesterday afternoon), when adjusting for inflation and looking into relatively recent history, prices have crossed that milestone and flown beyond. 45 years ago, in January of 1980, ... (full story)