John Williams of Shadowstats: $7,150 is the inflation-adjusted equivalent to gold's 1980 peak. "If the methodologies of measuring inflation in 1980 had been kept intact, gold would have to hit $7,150 to be the equivalent of the 1980 record," Williams said.
Monday, November 16, 2009
This is from tonight's Midas at http://www.lemetropolecafe.com/. John Williams of http://www.shadowstats.com/ offers one benchmark with which to put a number on the price potential of gold:
Posted by Dave in Denver at 8:59 PM