The price of gold and other commodity metals didn't really go up when benchmarked against other raw materials, energy, food, etc. What really happened is the value of major currencies fell. Don't think "how much is an ounce of gold worth today?" It's the same gold that's been valued for millennia. The question to ask is "how much of this volatile currency does it take today to purchase an ounce of gold?" Now I sound like a late night tv commercial for coins! Feel free to slide this into the misc. category.