A very interesting observation & chart from Casey Research via USAGold.com and 321Gold.com. ...amazingly revealing, no?

“Adjusted for the 1980 inflation measure the gold price is approaching its bear market low of 2001. In fact, gold is now below the 1975 price when it became legal to own it again! . . . . . . . .Don’t worry about the current rangebound price. Buying now represents tremendous value and tremendous protection against the next economic crisis.” – Jeff Clark/Casey Research