[zek157]

There's lots of room for gold to climb.

what was the high, $800 oz around 1980?

What cost $800 in 1980 would cost $2031.73 in 2005.
Also, if you were to buy exactly the same products in 2005 and 1980,
they would cost you $800 and $315.00 respectively.

Remember the Hunt brothers and $50 silver?
What cost $50 in 1980 would cost $126.98 in 2005.
Also, if you were to buy exactly the same products in 2005 and 1980,
they would cost you $50 and $19.69 respectively.

Gold like housing keeps pace (usually) with inflation.

Fun calculator to play with @ http://www.westegg.com/inflation/

[bjs1779]

What cost $3500 in 1971 would cost $16650.33 in 2005.

Average car in 1971 cost what? Around 3500.00? That was 80 oz of Gold back then.

Same 80 ounces of Gold today is 51,000.00