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Changed for inflation, gold's cost has not hit the all-time high yet, stated Lobo Tiggre of The Independent Speculator.
" If we go by what the BLS [Bureau of Labor Stats] releases for its CPI information, we can see that gold has not strike a new all-time high. To match the 2011 top, gold would certainly have to go over $2,150, which we have not gotten to yet, and to match its 1980 peak, it would certainly need to go over $2,700," Tiggre told Kitco Information.
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Gold price never ‘really’ hit all-time highs; Lobo Tiggre gives reality check
Adjusted for inflation, gold’s price has not hit the all-time high yet, said Lobo Tiggre of The Independent Speculator.
“If we go by what the BLS [Bureau of Labor Statistics] publishes for its CPI data, we can see that gold has not hit a new all-time high. To match the 2011 peak, gold would have to go over $2,150, which we haven’t reached yet, and to match its 1980 peak, it would have to go over $2,700,” Tiggre told Kitco News.
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