[expat_panama]

if gold had simply followed the CPI over the last 100 years, the gold price would be just below $500/o z., meaning even after this pullback, the yellow metal could still be seriously extended.

Sound good to me.

[Prolixus]

How does CPI (a very fungible figure) relate to gold prices?

Shouldn’t we be comparing gold vs. the buying power of the dollar? Gold looks pretty good on those graphs.