In nominal terms perhaps, but in inflation adjust terms it's roughly what it hit in 1980:

* https://www.investopedia.com/gold-price-history-highs-and-lo...

https://graphics.thomsonreuters.com/11/07/CMD_GLDNFLT0711_VF...

And there have been long (10y) stretches where it's remained flat: it takes a lot of patience to HODL through something like that. Even if equities (e.g., holding an index fund) are flat at least you get some yield.

With a pure commodity play like gold (or BTC) your only way of returns in price appreciation.

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FollowingTheDao 4 days ago | parent [-]

And what was happening in the 80s?

Inflation.

And what’s happening now?

	▲	throw0101a 4 days ago \| parent [-]
		> And what was happening in the 80s? Inflation. Gold was high in 1980 specifically and dropped after 1980 even when inflation was still high. Gold also had a peak in 2012: was there inflation then? > And what’s happening now? Nothing. Inflation peaked in February 2023 and has been dropping ever since: * https://fred.stlouisfed.org/series/CORESTICKM159SFRBATL Gold didn't start going up until September 2023 and has been rising. Gold and inflation are currently inversely related.