"Gold currently at over $900 Australian is at its highest price...

"Gold currently at over $900 Australian is at its highest price EVER."

Using Australian dollars, in real terms gold is nowhere near its highest price ever.

$600 in 1980 and $720 in 1987 were worth much much more than $900 now.

How would you like your 1980 take home pay to only be 50% more today? That makes quite plain that at present GOLD IS NOT AT ITS HIGHEST PRICE EVER.

Let's stop falling into the trap and talking about paper money in constant dollars as if a dollar is a dollar is a dollar. A 1980 dollar IS NOT a 2006 dollar.