There are a lot of people who bought gold at almost 800 dollars per oz. _twenty five_ years ago. (as an aside it took the DJ average twenty five years to break even after the crash of '29)
More than a few dealers almost lost their shirt on Silver too. It briefly touched 50 bucks iirc. A lot of common date coins were melted, along with scrap and such.
They were paying almost 20 bucks for '64 dated and earlier kennedy halves!
The extremes of the gold price don't count. That's why we use moving averages. And silver doesn't count at all. It is not a true monetary metal. I bought a motorcycle with a couple of rolls of silver dimes back then.