Inflation-Adjusted Gold Price Hits Record High Above $3,635; Is Bitcoin Next?

The inflation-adjusted price of gold reached a record high for the first time since the 1980s while trading above $3,610 per ounce, according to a recent post by The Kobeissi Letter on September 11. Rising inflation plus upcoming interest rate cuts are “gold’s dream setup,” highlights the analyst, which also relates to Bitcoin’s value proposition—historically correlated to gold and both tied to economic data. Basically, the inflation-adjusted gold price takes historical nominal prices and multiplies them ...