The 850 number is not even inflation adjusted. You know, when people say "Gas cost more than it ever did", you always get somebody piping in talking about inflation adjusted gas prices were higher in 80 than now.
current gold spot up $9.20, silver up .59
ok -- I will pipe in and note that inflation since 1/21/80 has been about 2.3-2.5 times, depending on what index you use, so that $850 then = $1900-$2200 now -- so we are at or under 1/3 of the 1980 high!