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Originally Posted by Dave Hawley
Please share your proof that it is "one of the most powerful things you can do for your site's SEO efforts"
From my from personal experience it's no more important than any like page. In fact, as one cannot pick good keyword anchor text it's of less value than a link from a sites page with the same PR and number of links.
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I had a site (which I sold a few months ago) with only 1 inbound link, and that link was from a dmoz page with a PR of 5. The site in question got a PR of 5 with only that inbound link, which is something that Ive never seen any other single PR5 link do before.
I have never done an indepth study on this matter , but I have yet to see anywhere that a single PR5 link can gain the other site a PR of 5, just from that one link. Which leads me to believe that a link from dmoz has more weighting (either because its from dmoz, or because of the syndication of the dmoz content) then a regular link of the same PR.
Then again it could be pure coincidence, just wanted to throw some personal experience out there.