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The price of gold set an all-time record last week, with futures trading over $3800 and spot prices just a bit less. The new price high was also an inflation-adjusted all-time high, breaking the previous record set in 1980 of about $3500 in today’s dollars. The most important question facing investors today is this: why has gold more than doubled in price since October of 2023? An additional question that may be relevant is this: why has the increase in the price of gold accelerated this year?...
