chart, page-44

"Parrot gold is up >500% in decade and USD hasn't lost 80% of its purchasing power."

Reply: Make that currently closer to 430% in a decade. (Based on a rise of about US$1080 from US$250.) The fact that the US dollar has not lost 80% of its purchasing power over the last decade proves that gold is seriously outperforming the US dollar.

However gold has only risen about 50% in US dollar terms over 31 years since gold's spike high in 1980 of US$880. That means imo that the gold price should have much further to rise when this generational gold bull reaches a crescendo with most likely imo a spike high, because in real inflation adjusted terms US$880 in 1980 is worth around US$6000 today (see shadowstats.com) not the $2,300 oft quoted price which is obtained by using official US inflation figures imo.

Gold has also significantly outperfomed the Dow over the last 10 years. Ten years ago the Dow was 10,781. On Friday the Dow closed at 11,823. That is a paltry rise of 9.66% over 10 years - in real inflation adjusted terms a loss - and an even bigger loss if one compares the value of the US dollar then to now against a basket of leading currencies.