The exchange rate at the beginning of 1980 was
1980-01-01 1.1097
1980-02-01 1.1041
The peak end of day gold price was
01/21/80 $850.00
Although apparently it had an intraday high of around $875
Anyway US$850 would have converted to about A$770. So we are well above that now; but then again the only real dollars are US dollars so that figure doesn't count.
Andrew
