The price of gold set an all time record last week, with futures trading over $3800 and spot prices just a bit less. The new price high was also an inflation adjusted all time high, breaking the previous record set in 1980 of about $3500 in today’s dollars. The most important question facing investors today is this: why has gold more than doubled in price since October of 2023? An additional question that may be relevant is this: why has the increase in the price of gold accelerated this year? Gold hit its post GFC low in early 2016 ($1045) as the dollar rose out of the Euro crisis in the early part of the decade. It ... (full story)