Baries,

First thanks for all of your time keeping the TCE share holders informed.

I wanted to help set straight the commonly perceived but erroneous belief that the inflation adjusted 1980 high for gold is 2,300 or so.

I chided Bill Murphy last Thursday that we should be using the Shadow Government Statistics inflation figures instead of the government CPI numbers.

He agreed and Friday he had a chart of the gold price based on 1980 price and then adjusted all prices using a much higher level of inflation

The correct price is $7267.41

So lets not sell ourselves short and think that we get just a double to equal the 1980 inflation adjusted price.