Forget nominal highs, should we be aiming at gold’s 1980 all-time high?

From Kitco News

It has been another incredible week for gold. Not only did it hold its initial support at $2,800 an ounce on Monday, but it also rallied to a series of fresh record highs, ultimately touching $2,900 an ounce on Friday. 

This momentum is starting to attract significant attention, and many analysts are once again discussing a $3,000 target.

At the same time, a growing chorus of gold bulls sees $3,000 as just another stepping stone in the precious metal’s upward trajectory; many are now looking at gold’s inflation-adjusted all-time high, which is around $3,420.