A similar question to ask would be, has the US dollar topped out yet as measured against a basket of currencies such as the DX Index?
It is important to note that this is the price of gold in US dollars.
According to this chart we are still in a downtrend, bouncing off the bottom of the decline. Americans tend to forget this since the US is such a large, almost homogenous country with its own currency and language, but with a growing element of Spanish.
Most Americans do not own passports and do not have any experience with a foreign currency excepting visits to Canada and Mexico.
Let's take a look at the price of gold in a few other world currencies.
It is a challenge to describe the color of the sky, of the trees, to people who have been wearing rose coloured glasses since birth.
"But what creates the most intense surprise
His soul looks out through renovated eyes."
John Keats, Ode to Apollo
