The US feds have tortured the numbers so much that they don't measure inflation anything like they did in 1980.
If you use the 1980 methodology then estimates put the equivalent price of gold at over 7700 an ounce according to shadowstats.
Of course there comes a time when the dollar term price may no longer be relevant and we will need to price gold in terms of something else more tangible like oil or food.
As that day comes it will be interesting to see if the feds all over will try to take our gold by force as well as stealth.
Any person in the west that has cash and knows what is going on and still chooses to not invest in gold and silver at all deserves everything that is coming to him/her.
