gold stocks are still going to takeoff, right?, page-3

"$450/ounce. Adjusted for inflation, that would equal roughly $1,340 today."

My comment:

The only problem is the writer is using the official US inflation figures. If you are discussing gold you don't take for granted and accept official US figures about anything.

$450 was a lot of money in 1980. Much more than $1,340 is today. There were plenty of houses on the market in Austrealia then for under $50,000. That's right. Well under $50,000.

$1,340 today is unable to buy what $450 did in 1980. Prices are much more than just 3 times higher than 1980 prices. Wages are much more than just 3 times higher than 1980 wages.

Shadowstats.com has shown that adjusted for inflation today, for gold to reach its 1980 spike high in real terms gold needs to go well above US$6000.