Chart Of The Day: Despite Drop, 'Real' Gold Price Remains Historically High

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 |  Includes: AGOL, DGL, DGLD, DGP, DGZ, DZZ, GLD, GLDI, GLL, IAU, PHYS, SGOL, UBG, UGL, UGLD
by: Cullen Roche

Here’s some perspective on the recent gold rally and decline. Via Goldman Sachs:

  • The 2012 average gold price was only 2.5% lower than the 1980 average of $1,711/ounce in real terms.
  • The long-term real price average is $507/ounce, and the post Bretton Woods (1972 onwards) average is$741/ounce.
  • Despite the latest price drop, prices remain high historically.