Gold is obviously not close to making a new all-time high in terms of the US$ or any of the other major currencies, but it has just made a new all-time high relative to the basket of commodities included in the Goldman Sachs Spot Commodity Index (GNX). This means that gold has never been more expensive relative to commodities in general than it is today.
Just imagine how expensive gold would be if it weren’t the victim of a never-ending price suppression scheme!*
*Just in case it isn’t obvious, I’m being sarcastic.