You’ve probably seen $2000/oz so many times the number has imprinted itself in your mind. It, or numbers near it, are the inflation-adjusted high of the 1979 peak ($850) adjusted to current dollars. Using the government’s own (understated) inflation numbers, no less! If you use more realistic inflation numbers, you get more like $5000-$6000/oz. This, to some of us, makes it still a buy here at $1400.
I think you’re both right.
Least I knew I got that number from someplace! (see, there is always hope...lol)
In the early ‘50s you could buy a gallon of gas for two silver dimes. Today you can still buy a gallon of gas for two silver dimes and get back change. If you take the change in copper pennies, you really make out.