Remember when the DOW broke out of its bear market by doubling from 1000 to 2000? Then eventually rising X 5 to the magical 10,000 in year 2000?
Gold recently broke out of its all time high of $850, 5 years ago, and will rise up X 5, too.
What is $1600 X 5?
That just happens to be price to buy a Calif home with 100 oz.
Gold already did X5 from 350 over the last decade. It will go a LOT higher, but not soon.
Gold was making up loss from 1980 it don't count.
Can't get away from $8000 if my life depended on it.