Student or Learner
Please clarify the following in red.
The challenge in getting the price (a gold/dollar ratio) today, however, is that people in the last few years have been buying gold out of fears of inflation. The answer should be calculations that take into account forward markets in gold, in addition to the price of inflation-adjusted bonds.
Does it refer to "forward markets in which people buy and sell gold"?
It refers to the markets in which gold futures and options are traded.