$Gold Monthly

If you adjust gold prices for inflation, you will see that all gold prices have been doing in the last few years is to adjust for inflation.

Perhaps also debt ceilings and money supply expansions are meant to do the same, throwing out all of the hogwash you have to wade through on various websites calling for armageddon.

Tom's Inflation Calculator using shadowstats shows us just where gold prices should be adjusted for inflation from 2009 constant dollars to 2011 adjusted price. 2012 and 2013 are unavailable.

I had no idea that the following gold monthly chart could be so helpful in the end, since I put it up in 2009. A ~$2000+ gold price/oz. is definitely not out of the question, when merely adjusting for inflation, and we're not into any sort of wild, speculative mania yet.

We have been trading around the 40-year inflation adjusted average based on 2009 constant dollars for a while now, and adjustment is in order, especially if debt ceilings and monetary expansion continues:

supersize:

http://www.flickr.com/photos/11747277@N07/8346665451/sizes/l/in/photostream/

http://scharts.co/TBNqVn

-F6