[lmm]

The relevance is that this is not remotely an all-time high when denominated in gold (and, presumably, an implicit claim that a valuation in gold is in somehow more "real" than a valuation in nominal yen)

[UncleMeat]

Okay. But denominating in gold is a weird thing to do and only looks this way when you pick specific dates. Pick 1987 and 2000 as your dates and things look very different.

[kortilla]

That’s idiotic because nobody actually deals in gold. It just means gold appreciates some amount.

The way this is handled is standard inflation adjustment based on things people actually use.