If inflation's on the horizon, which certainly looks to be the case at the moment, the best bets are stocks and property. Short duration fixed interest can also work if inflation becomes a problem.
Property, which several goldbugs here have been rubbishing, has already been a star performer worldwide, leaving gold in the dust, and gold has a dividend...rent.
Gold might go up, or it might not, it marches to its own beat, but in general gold isn't a good bet when inflation turns up and interest rates rise.
Gold doesn't have a dividend, and when interest rates rise you can get a decent return from fixed interest. I've posted several charts here of gold vs interest rates and in general they're contrarian.
