While gold is making new highs it still has a long way to go to match the performance experienced between 1966 and 1980. To match that performance gold would have to reach $5,800. However, what needs to be taken into account is that the previous bull market was largely a North American phenomenon whereas this time it is global with China, India Russia and Brazil participating.
Source:http://www.nowandfutures.com/last_hard_asset_bull_comparisons.html