Aurora Acquisition Corp (AURC)

[never96]

In late 1980 gold topped off at the official record high of $850 an ounce.

When we plug in the numbers we see that $850 in 1980's money has the same buying power as $2061.04 in today's money.

This means that gold is nowhere near the "quarter century high" you've been hearing about on TV and the radio.

Moreover this means that the real all-time high is well over $2,000 an ounce. This is one of the main reasons why you're hearing people calling for $2,000 and $3,000 an ounce gold.

Now these types of bull markets typically last about a decade. And being as we just about halfway through there is still plenty of time, and room for that matter, for gold to hit get back on par with its 1980 prices.

Certainly investors who bought gold when it most recently bottomed at $252 per ounce a few years back have made significant profits.

Since that time gold has more than doubled and there have been some terrific gains in both the physical metal and the paper precious metals markets (i.e. mining equities, futures, options, and derivatives)

But here's the fact: $850 yesterday does not equal $850 today. So you might just say that today's $700 gold is quite cheap.

Will gold match its actual value high of over $2000? I can't say. But one thing is certain: gold is going much higher than today's levels.