The chart above plots gold’s price over the past 50 years, along with its fair value as estimated by this model. As Harvey puts it, “for the last 20 years, gold has outperformed inflation.
The chart above plots gold's price over the past 50 years, along with its fair value as estimated by this model. As Harvey puts it, "for the last 20 years, gold has outperformed inflation.
This has only happened 20 times in 43 years. However, I don’t think gold is currently that overbought from a long-term perspective. Below I have created a chart that looks at how many weeks gold ...
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