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Message:: [QUOTE="-jeffB, post: 1222275, member: 27832"]Oh, for Bible's sake. Here, have a white bread index: <a href="http://qrc.depaul.edu/djabon/cpi.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://qrc.depaul.edu/djabon/cpi.htm" rel="nofollow">http://qrc.depaul.edu/djabon/cpi.htm</a> In 1980, an ounce of gold went for $800. That would buy almost 1600 loaves of bread. In 1981, an ounce of gold went for $500. That would buy a bit under 1000 loaves of bread. In 1982, $300; about 570 loaves. In 1990, about $400; 580 loaves. In 1999, about $300; 340 loaves. Today, $1560. Where do you suppose your PM dealer is buying bread at $5.20 a loaf? I don't get the cheap white stuff, but I'm still looking at close to 800 loaves per ounce (on sale). But I have no way of knowing whether the 2010-2030 chart is going to resemble 1959-1979, or 1979-1999. And neither does anyone else. By the way, from 1980 to 2000, the dollar lost more than half of its value -- prices increased over 115%. Over that same period, gold lost almost two-thirds of its value in dollars -- in actual buying power, it lost almost 85%. Perhaps over infinite time gold is a good inflation hedge. Over any particular finite interval, though, it's unpredictable. Period.[/QUOTE]