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<p>[QUOTE=&quot;Vess1, post: 550675, member: 13650&quot;]Here&#039;s a neat website I found that will adjust past US $ into 2008 dollars using several different criteria:</p><p><br /></p><p>&nbsp; <a href="http://www.measuringworth.com/uscompare/?redirurl=calculators/uscompare/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.measuringworth.com/uscompare/?redirurl=calculators/uscompare/" rel="nofollow">http://www.measuringworth.com/uscompare/?redirurl=calculators/uscompare/</a></p><p><br /></p><p>&nbsp; Using this calculator, the gold peak in the early 80&#039;s at about 600 was equivalent to approx. 1,400- 1,700+ in 2008 dollars.&nbsp; &nbsp; Which makes the case for higher gold now, along with the weakening dollar.&nbsp; </p><p><br /></p><p>&nbsp;My problems are:</p><p><br /></p><p>&nbsp;- It couldn&#039;t sustain at that point for very long</p><p>&nbsp;- I don&#039;t have adequate information to understand it&#039;s future potential.</p><p>&nbsp;- The downturn lasted for several decades.&nbsp; </p><p>&nbsp;- Many companies are anxiously selling at 1k+ an ounce.&nbsp; If they really believed it was heading for 2k in a year, why don&#039;t they just hold off?</p><p>&nbsp;- 2001 was relatively recent to be holding at a price of under 300.00.&nbsp; Now, in less than 8 years it hovers around 1k.</p><p>&nbsp;</p><p>&nbsp; I don&#039;t understand how things could change that dramatically in such a short time period and then sustain at that point.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; Don&#039;t get me wrong.&nbsp; I&#039;m not saying I&#039;m looking for 300 again.&nbsp;&nbsp; I just think 6-700 could be very possible again in the future, as a low point before the next up swing.</p><p><br /></p><p>&nbsp; My final problem is, it&#039;s hard to tell what&#039;s real anymore.&nbsp;&nbsp; The country as a whole has been in and out of turbulent times since 2001.&nbsp;&nbsp; It&#039;s been one long downturn and record numbers of people have invested in gold.&nbsp; First it was terrorist attacks and a market crash.&nbsp; Now another market crash.&nbsp;&nbsp; We do know that demand is higher than it&#039;s ever been before.&nbsp;&nbsp; There&#039;s been an edginess almost like a state of panic ever since 2001.&nbsp; Which is when this whole thing started.</p><p><br /></p><p>&nbsp; I&#039;m not trying to proclaim which way things will go.&nbsp; I will just say that there is always the possibility that some day, eventually, things could go back to normal and calm down.&nbsp;&nbsp; IF that day comes and the demand lets up and people start selling again (for whatever reasons), I could see the price settling back down.&nbsp; </p><p><br /></p><p>&nbsp; Or things could get worse and we end up with a global currency that devalues the dollar and everybody holding cash loses.&nbsp; I could see this happening just as easily.</p><p><br /></p><p>&nbsp; As you say, only time will tell.&nbsp;&nbsp; I really don&#039;t know what to expect.[/QUOTE]</p><p><br /></p>

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