"Yes but you have to take into accout inflation. So the $800...

"Yes but you have to take into accout inflation. So the $800 back in 1980 is actually $2257.14 in 2007. So when you compare todays price of $915 or so to $2257.14 it easy to see gold has not reached anywhere the level it did back in 1980"

Case in point - it has not retained it's value.