"I've asked watch_the_sky's question about how high gold reserves were valued in the 70's mania phase."

I wonder how much they increased from the beginning to the end of the bull market.

I suspect they will sound disappointingly low as they will have to be adjusted for inflation; both C.P.I. inflation and the truer numbers put out by John Williams. I do not have acces to the shadowstats.com info.

We are also at a point in our bull market where the price rise in gold and what transfers to the reserves valuation should become relentless. Yes there will be periodic corrections. Some corrections will be savage, but they will all pass quickly.

P.