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<p>[QUOTE=&quot;dreamer94, post: 287272, member: 6449&quot;]<b>Gold is nowhere NEAR an all-time high</b></p><p><br /></p><p>I just reviewed the historical charts.&nbsp; Gold hit $850 an ounce on January 21, 1980.&nbsp; (That&#039;s $2150.69 in 2007 dollars). By April 3, 1980 it had dropped to $485.75 and by April 18th to $481.50.&nbsp; </p><p><br /></p><p>It&#039;s just not correct to talk about gold returning to an &quot;all time high&quot; without taking inflation into account.&nbsp; In terms of the Jan 21, 1980 price, gold is selling for only about 1/3 the price it was then.&nbsp; We have a very, very long way to go. </p><p><br /></p><p>Would anyone here get excited by having their salary raised to what is was in January of 1980?&nbsp; (I wouldn&#039;t).[/QUOTE]</p><p><br /></p>

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