The Illusion of Gold Being at Record Highs

Please take  a look at our chart, from the live tracking gold site:

After almost 2 years, gold is still down in Brazilian currency. It is not a new high.

That is what currency devaluation does, to the USD, Euro, CAD, etc.

Next time someone or the financial media clowns tell you that gold is a record highs, remember this. It's all relative.