Monday, November 16, 2009

How High Gold?

This is from tonight's Midas at  John Williams of offers one benchmark with which to put a number on the price potential of gold:
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.

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