Look on the bright side. I like a few others here was around during the 1970 bull run, as shown what we have experienced up until now doesn’t reflect or feel like anything that we experienced during 1970, if history repeats itself the best is yet to come.

http://seekingalpha.com/article/301171-precious-metals-may-replicate-1970s-performance-on-institutional-allocations?source=yahoo

The "Chart of the Day" above shows how precious metals have outperformed other assets since 2000.

This outperformance is likely to lead to international institutional money being allocated to precious metals. A small degree of this has been seen already but institutions remain massively underweight precious metals with many having no allocations whatsoever and some having meager allocations to gold.

Given concerns about currencies and the risk of contagion and a global systemic crisis, this is very likely to change.

The small size of the gold and especially the silver market means that even a small increase in allocations to precious metals could result in dramatic price moves and large annual price gains as seen in the 1970s.

Gold rose 49.7% in 1972, 73.5% in 1973, 60.1% in 1974 and 140% in 1979.

Similar price moves are quite possible in the coming years given the very small size of the physical market vis-à-vis equity, bond & currency markets today.

Gold has risen by over 500% since 2000. In comparison, gold rose by 2,300% in just 9 years from 1971 to 1980.