Gold Prices Are On the Upside - Two Chart Views

Gold is trading near all-time highs and it could go higher.

Inflation-Adjusted Prices

The chart of gold prices adjusted for inflation shows that gold is still relatively inexpensive. Its 1980 peak at $850 ounce converts to over $1,800 in 2007 dollars.

Who knows if gold can double from its current price, but the long-term upside looks to be intact.

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Posted December 10, 2007.