This is not 1980

This is from a precious metal blogger, in regards to the differences between now and 1980. Doubters, ignorant fools, and dollar shills, like to use 1980 as an example of why you should stay away from precious metals this time. This time, they are wrong.

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This is not 1980. This is quite different.
Gold $855 1980, Silver intraday highest $55, Oil $37.Fed Funds Interest Rate 1979 11%.
Debt Aprox 1 trillion dollars.

The trade weighted US Dollar Index made a double bottom at $88.30 on 10/30/1978 and $92.24 on 7/10/1980 and hit a high of $148.12 on 2/25/1985 (St. Louis Fed Database)

CPI figures to 2011 Gold $2,333.77..Silver $150.12, Oil $100.99
Source-Gov BLS Calculator. *US Debt $14 Trillion. World population a lot higher.

In Dollars we can clearly SEE that Gold and Silver are under-valued assets except in the minds of the extremely ignorant of historic fact.

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