The usual suspects are at it again. You know the type: smug economists on cable news, Ivy League policy wonks, and all the Fed cheerleaders who couldn’t predict a pothole if they tripped into one. Now they’re telling us that gold is “approaching its peak.” That it’s “overbought.” That it’s time to ease up. Dead wrong. These folks are reading tea leaves with blindfolds on. And worse, they’re using rigged numbers to back up their bad calls. The “Inflation-Adjusted High” Lie Here’s their argument in a nutshell: In January 1980, gold hit $850 an ounce. Adjusted for inflation, that’s $3,504 in today’s dollars. Gold’s now hovering around $3,346, so we must be near a top, right? Wrong again. Let’s unpack…
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