Ok... so it just squeaked over the $50 mark on January 18, 1980 with the Hunt Bros doing their market cornering maneuver. However, $50 in 1980 is worth about $200 today....
Trump is openly talking, in various ways and various times, abolish the IRS taxes due to tariffs. That is the faux cover story for ending the IRS and FED, but in an easy to understand, for now, rationale for end of IRS 1040 taxes.
In this transition, many things we value today will revert to their intrinsic value. Intrinsic value of 1 oz of Gold is... 1 oz of Gold. Intrinsic value of 1 oz of Silver is... 1 oz of Silver. Intrinsic value of anything else, essentially derivatives of real money, including dollars, S&P, DOW, BTC, NASDAQ,Yen,Euro, etc, is... zero.