Wednesday, August 11, 2010
Often analysis on Gold & Silver mentions the 1980's high's - almost always from an US$ point of reference, I thought I would try to bring in a Australian perspective to the discussion.
In AUD$ term the high point for both Gold and Silver (closing Ask price) in the 1980’s was on 21/01/1980.
Gold closed on that day at AUD$752/oz
Silver closed on that day at AUD$46.37/oz
A point to note, the AUD$ was worth more than the US$ in 1980.
Click on the graphs above (maybe sit down first) to see the inflation adjusted price in 2009 dollars.