Gold price (April future) reached historical high this Thursday and briefly crossed $1000 per ounce. This is extraordinary. With inflation adjusted, gold price is still below the record of $2,239 reached in 1980. The graph below gives you a nice historical perspective (click to enlarge).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGoCyzwU5iR3xoSnDIznPM7kns-P05j_M200Qw9ohh5zQEcCi8hTqmIgVMgL8b4cAM3xCgTa9NGk1uHOFLWqjjHaBaCVLqXD9iHewUSYuy3-gCn1WfT0dPwv6k2VkTdbgFodR7/s320/gold+history.jpg)