Gold reaches all time highs

Gold is now at all time highs and has breached US$1150 still relatively low when compared to what you could purchase back in the early 80's with an ounce of gold.
How does one really value gold into today's terms? If we looked at US government CPI then gold is only trading currently circa US$1k today at what it was trading at average through the 80's if we adjusted for inflation. If we took the spike that occurred in 1980 then it would trading at US$2358. (as per chart from Bianco Research)

Now if official US CPI is doctored then gold should be even higher. Now governments don't doctor CPI do they?
As per my previous posts back in June and September I still see this leg taking us to possibly US$1250 to US$1300 and all is on track to get there, the decline in the US$, the fall to come in US and worldwide equities, the realisation of the uselessness of bonds.
No doubt gold will get there sometime soon but how high will it go I cant predict but some of calls and the rationale behind them of over US$2k seem to be quite plausible.
Now from a trading point of view some success on Aussie gold stocks LGL still held with positions also in AVO,AND,MDL and CNT.
Exit last Monday with a loss on IAU I had moved stop up to 30 cents it fell to 27.5 cents in trading Friday looks like this one won't run now at all.
ROL has disappointed but then again they are not a producer,any positive news will set this one off I believe, willing to hold for a while but its hard to resist having capital in a stock not going anywhere.