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Here is some more food for thought.
http://www.oesr.qld.gov.au/queensland-by-theme/economic-performance/prices/tables/cpi-all-groups-annual-bris-aus/index.shtml
This is the CPI for Brisbane, Australia from 1948 - 2008.
Note that for the period between 1948 and 1971 the CPI increases from 7 to 18.5 for a change of 11.5 points in 23 years.
In 1971 the Australian dollar moves off the gold standard. The period 1971 - 2008 sees a rise from 18.5 to 164.8. This is a change of 146.3 points over 37 years.
http://en.wikipedia.org/wiki/Australian_dollar
Value of the Australian dollar
In 1966, when the Australian dollar was introduced, the International gold standard was still in operation. The dollar was at that time worth 980 mg of gold. As of February 2008 the dollar was worth 30 mg of gold.[5]
In other words if I purchased $10,000 of gold using Australian Dollars back in 1966 and sold it in 2008 I would net $326,666, a rate of increase well above that of the CPI.
These numbers support DUB's article stating that gold is in a very long term Bull Trend.
