The Price of Gold Adjusted for Alternate CPI. Gold price is NOT high!!!
Gold has been contained to the degree it has by the investment banks and other entities that use black-box trading to move strategically between short and long positions and between groupings of equities to manipulate the market... and by such action, manipulate investors into seeing weakness where there is, in reality, unbelieveable strength yet to be realized. Picture a coiled spring... the manipulation will last only until physical shortages become acute enough that the shorts get squeezed no matter where or when they're placed. The timing of that upward correction cannot beknown with certainty, but the manipulation will fail... and dramatically.
Have you given yourself a gut check?
Do you know how much new gold mines are costing to bring online???
Silver's price action has been even less rational, and when supplies run out... which they will... we'll see quite a correction as the metal marches back towards its historical ratio with gold.
I see the image is coming up rather small... I'll try to find a larger version...
The big spike on the chart is 1979-1980, and the present day is right before the start of the red line (which is the projection of the chart's creator).