Gold’s next hurdle is 1980’s inflation-adjusted peak

Gold hit a record high of $875 an ounce on Nymex in January 1980, about two months after the start of the Iran hostages crisis and less than a month after the Soviet Union invasion of Afghanistan. That’s equivalent to about $2,318.84 an ounce in today’s dollars.

Kind of hilarious that they use $1800/oz on the chart but then $2318/oz in the article. Of course, official statistics-debunker John Williams would say gold needs to best a dollar value more like $7000/oz to truly be in "record" territory.