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<p>[QUOTE=&quot;dreamer94, post: 527498, member: 6449&quot;]That&#039;s not true, at all.&nbsp; The all-time high price of gold was $850 in 1980.&nbsp; That&#039;s the equivalent of $2,178 in 2009 dollars.&nbsp; It has been far below the 1980 level for the past 29 years.&nbsp; There are people somewhere who bought it at the all-time high price (or even at significantly lower prices) and if they did and are still holding onto it, they will be waiting a long time to recover their investment.&nbsp; </p><p>&nbsp;</p><p>People keep referring to today&#039;s price of gold as near an &quot;all time record&quot;, but that doesn&#039;t take into account inflation.&nbsp; If you consider inflation, today&#039;s price of gold ($1,000/oz) is equivalent to $390 in 1980 dollars; we are nowhere close to an all-time record.[/QUOTE]</p><p><br /></p>

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