All about relative climax... apparently. "But since everyone outside of Washington realises actual inflation is considerably higher than the government claims, the CPI is very conservative. This flawed yardstick seriously understates the actual magnitude of gold's last secular-bull climax. In these charts this CPI-inflated real-gold metric is rendered in blue, while the raw nominal gold prices are shown in the background in light red for comparison." http://www.thebull.com.au/premium/a/28208-gold-bull-hasn't-peaked-yet.html
