Gold continues to dominate the global currency market, reaching a historic high across the board. This precious metal continues to demonstrate its value in the real world as well.

Last week, Europe based investment firm Incrementum AG released its annual iPhone/gold ratio, highlighting how gold continues to maintain its value.

The company pointed out that the price of iPhones priced in gold bars has decreased for the third consecutive year. According to this unique ratio, the iPhone 16 Pro with 1TB of memory is priced at 0.60 ounces of gold, a 23% decrease from last year's 0.78 ounces of gold for the iPhone 15 Pro.

Analysts said, "Compared to 2022, the price of iPhones in gold terms has dropped by nearly one-third; compared to 2018, this year's iPhones are nearly 50% cheaper. 2018 was the only year when gold investors needed to spend more than 1 ounce of gold to buy a brand new iPhone

The price of the latest iPhone priced in US dollars has remained unchanged for the past three years.

The report points out that "stable prices are definitely different from falling prices. As in 2021, 2022, and 2023, the Pro model with maximum available storage space (1TB) is priced at $1499. Compared to the first generation iPhone launched in 2007 (priced at $599), the price has increased by 150%, which is equivalent to an annual inflation rate of 5.5% for the iPhone. On the other hand, gold investors benefit from the fact that gold prices have risen nearly 290% in the iPhone era

Gold managed to maintain its purchasing power and achieved widespread gains, reaching historic highs against major currencies such as the euro, pound, Canadian dollar, and Australian dollar.

The latest research from Incrementum shows that so far this year, gold prices have risen by about 25% relative to a basket of global currencies.

Despite encountering some resistance at its historic high above $2680 per ounce last week, many analysts expect gold prices to still have significant upside potential as the Federal Reserve is currently leading the global central bank's interest rate cut cycle.