How can people deny that the USD is devalued and inflating when gold has done nothing but rise?

For decades gold has held solidly at around 500 USD/ounce. Since 2006, gold has done nothing but increase steadily as the Fed cranks up their printing machines to full blast. How can anyone deny the massive inflation?





(Waiting for someone to tell me "gold will go down soon" like they've been saying for the past 5 years to me. Any minute now...)|||Consumer Price Index Factor definitely has an impact:





http://www.infoplease.com/ipa/A0001519.h鈥?/a>





And here is a basic explanation of the impact of the Federal Reserve and, Inflation:





http://www.zerohedge.com/sites/default/f鈥?/a>





Our currency is declining and the Fed doesn't care.|||just because one thing goes up in value, it doesn't mean the dollar has gone down?



this is pretty basic economics... supply and demand?



the simple fact is... people like beck and other crazies have been SCREAMING that it's the end of the world and that you HAVE to buy gold or you WILL DIE A HORRIBLE DEATH...



and some people are stupid enough to listen to them, and that's created a comically artifical high demand...



you're welcome to believe it's going to continue going up if you wont... but I wouldn't bet on it...



EDIT: what was the last time gold was at record highs? the recession in the 80s... when that recession ended... what did gold prices do? crash...



good luck with all that|||Because gold is in a Bubble - just like the .com bubble and the real estate bubble.





That bubble will burst as we approach the 2012 election cycle and the people who get out in time will make out like bandits while everyone else will get soaked and commentators on FOX News will look at the camera with a straight face and say "There's absolutely no way anyone could have predicted this would happen."|||The cost of living index decreased over the past couple of years. Some things have gone up such as gold and gas, but that is mostly due to increased demand and speculation.


A massive inflation would have affected everything.|||Since 0bama won't turn off the printing presses the dollar will continue to decline, but wait, it gets better....buckle your seat belts folks cause hyper inflation is just around the corner. I personally can't wait to pay 10 bucks for a loaf of bread!|||The value of gold hasn't changed, the purchasing power of the dollar has gone down, so it takes more dollars to buy an ounce of gold than it has in previous years.|||The Obama blanket. Obama says day is night, night is day, And the supporters


of this fool just change gears and stumble off into oblivion.|||Can you couple the rise of gold price to the dollar, or to more demand and more purchasing of gold as an economic safe haven?|||Nobody denies that.|||The thing is that gold doesn't worth much unless you exchange it for worthless money...



Thumbs down...Try to buy anything with a gold bar and tell me if you get the market value...|||I know. It's been great for my retirement account.