OR & INFLATION : 60 YEARS OF PROOF AGAINST CURRENCY DEVALUATION
A chart from Deutsche Bank traces the evolution of the real price of gold (adjusted for US inflation until 2026) since 1960.
Despite significant volatility, one thing remains constant: gold preserves purchasing power over the long term.
โฎ In recent years, peaks have exceeded $5,000, often in response to:
- quantitative easing (QE) - interventions and sales by central banks
๐ The chart also highlights major turning points:
- 1971: end of gold-dollar convertibility (Nixon) โ beginning of a structural currency devaluation - 1999: Washington Agreement, coordinating gold sales by central banks
๐ Conclusion: Gold remains a historical hedge against inflation, particularly when fiat currencies are under pressure.