[link|http://www.goldensextant.com/LandisAMA.html|http://www.goldensex...om/LandisAMA.html]
The only problem with the inflation hedge theory is that it doesn\ufffdt work. Throughout history, both at times when gold was tied to legal tender, and at times when it wasn\ufffdt, gold has been a poor hedge against inflation. Indeed, it has consistently lost purchasing power during periods of inflation, and gained it during periods of deflation. This was the impeccably supported conclusion of the late Roy Jastram, who, in a book entitled The Golden Constant,[7] rigorously analyzed the purchasing power of gold in England and the United States from 1560 to 1976.

now the drier but best research Ive seen on gold
read the links then pull the prices.
Compare the prices to the commodity prices of food clothing housing etc then extrapolate to today.
regards,
daemon