What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

Answering this question is perhaps a job for Super Man, or maybe even Jim Puplava. I mean, we all know that the previous all-time record high for gold spiked in 1980 at about $1,036/oz? Right? But, wasn't it then over $1,000 for only a couple of days? Whereas, for most of the other time, it was trading much lower (mostly in the $600-$800 range)?

So, to have a more balanced view of how big a deal it is to have just broken that previous 1980 record, shouldn't we be not only comparing the inflation adjusted 1980's record price to what it'd be today (which would be about $ 2,000 in today's prices), but shouldn't we also be comparing those pre and post 1980's gold prices to get a better idea of whether this new record of over $1,060 more probably is in line with the much lower gold prices of the 1970's and 80's?

My point? Maybe these current so-called stellar record breaking gold prices are really not so stellar and not so record breaking after all? Maybe they're still comparatively below the gold values of the the last gold bull market in the 1970's and 80's? And, as such, we may not even yet have climbed up significantly onto higher ground . But, you already know that?

Cheers,

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