Adjusted for inflation you will see we are presently at around half what the price was during the last spike.

Read my post above ... that 1980 spike was a fake spike caused by the Hunt brothers buying Silver. Had nothing to do with currency, inflation, etc.

Yup. And it's only going to skyrocket.

Umm... you just agreed with me but called me wrong... Wow. Anyway, I said "Which is why gold is a good investment against inflation." That doesn't mean sell your gold, it means invest in it.

If everything hyper-inflated, you would get equal or less value for what you paid for the Gold, because everything around you would have hyper-inflated with you. Just because you get more cash, doesn't mean you really end up better. The cost of living/business will have skyrocketed you'll simply run out of gold quicker or would need a crazy amount of it and not be able to afford more of it. Basically... it's value wouldn't hold.

Thinking it would save your ass in an economic disaster is crazy.... using it for long term investments is smart.

Thats not actually true........ the US and other countries could print another trillion dollars tommorrow, and it could help the global economy boom but the massive increase in money printing means over supply of dollars which is in turn debasement of the currency and therefore bullish for gold.

That's true in short term, but in longer term once economy recovers the central banks will raise interest rates and tighten money supply, creating downward pressure on gold...

the fact is there is really no reason why gold should continue going up... when oil for example was near 140 few years back at least the arguments were sound, that emerging economies needed oil to support growth, etc... (and what happened since then? oil is half of what it was few year back?)

with gold on the other hand there is really no increase in any real demand lately, the only demand comes from speculators and tin-foil-hatters hoping the world economy will crash and burn... the world economy is in fragile state now, so crash and burn is actually possible, but I wouldn't count on it...

Gold is the only real money. Everything else is smoke and mirrors.

http://static.seekingalpha.com/uploa...ow_in_gold.png

Thats interesting, around 26 vs 13 in golds favour

Paper money is going out of fashion....

Gold looks like it is ready to roll over with equities.

Will we see a repeat of 2008?

It doesn't matter, even with economic expansion in 2000, gold was rising fast.

There is no reason the stock market should be going up either. People trust Gold more, that's all.

There's no real demand in the stock market either. It's all low volume trading and when the market goes down, it's a high volume of people that are getting out.