Are gold and silver prices adjusted for inflation?

While this is even obvious using the US CPI data as an inflation adjustment, it is spectacularly so when gold and silver prices are adjusted for inflation using the ShadowStats Alternate CPI data, as you will see below from the gold and silver price charts of website GoldChartsRUs.

What is inflation adjusted gold price?

Historically, Inflation Adjusted Gold Price, Adjusted to Today's Dollar reached a record high of 3,378.07 and a record low of 281.78, the median value is 972.41. Typical value range is from 1,551.44 to 2,034.62. The Year-Over-Year growth is 14.21%.

Is the US dollar gold price still below its real CPI?

The main takeaway from these charts is that even adjusting by the spurious and deliberately understated US Government inflation statistics, the US dollar gold price ( currently at US$ 1830 at the time of writing) is still 66.4% below its real CPI adjusted all time high. Gold prices, inflation adjusted by CPI, from 1950 to end of December 2020.