You are here

Marveling without curiosity at an all-time inflation-adjusted low for gold

Section: Daily Dispatches

4:49p ET Friday, April 24, 2015

Dear Friend of GATA and Gold:

Jeff Clark of Casey Research today reports that John Williams of Shadows Stats has concluded that the gold price, adjusted by the U.S. government's Consumer Price Index formula from 1980 (before the index was constantly recalibrated to conceal inflation), is actually near an all-time historical low, even as worldwide debt levels have exploded.

This, Clark writes, shows that gold is "dramatically undervalued."

No, it doesn't. It shows that the gold price is a spectacular anomaly that must be caused by something, a phenomenon that Clark and Casey Research apparently will leave for another day.

... Dispatch continues below ...


Silver Coins and Rounds with Employee Pricing and Free Shipping

Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion.Directory.

Simply go to and type "GATA" in the radio box at the top of the page.

This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping.

So go to --

-- and type "GATA" in the radio box at the top of the page.

For if, for example, the inflation-adjusted gold price is at a historic low because central banks have created infinite supplies of imaginary gold in a fractional-reserve gold banking system and rig the futures markets with derivatives, and if such imaginary supplies can be created forever, the market rigged forever, and the gold price suppressed forever, gold is not "dramatically undervalued" at all but actually practically worthless -- at least when held by ordinary investors.

In such circumstances gold would have value only to governments -- as their primary mechanism for rigging all markets.

Clark's marveling without curiosity is headlined "Gold Is Near an All-Time Inflation-Adjusted Low" and is posted at the Casey Research Internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: