[mugs99]

That's funny. How much did a $900 ounce of gold buy in 1980? How much does a $500 ounce of gold buy today? The same amount?

The same as it did in 1980. If you want to use the 1980 spike you need to factor in the daily spot price. Gold must be averaged. The post Carter inflation of those days is just another example why gold is good insurance.
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[Toddsterpatriot]

The same as it did in 1980.

I don't know what planet you're on but $500 worth of anything buys less today than $900 bought in 1980. Just a little matter of 25 years on inflation, not to mention the 44% drop in gold value.

Unless there was deflation on your planet?