Gold is an interesting beast all on its own. If you look at it over a 400 year period, it has fallen in value steadily, probably because of the rate of extraction. OTOH all the gold ever mined equals two olympic swimmingpools in volume.
I believe gold to be a true measure of inflation because, unlike currencies and financial markets, it is very hard for governments to manipulate gold, particularly since most of it is now held in private reserves.
The fact that gold is now quite well supported at the $800 level where in 2000 it was only 200 tells you that a lot more inflation has taken place over that period than official sources would have you believe.
