An ounce is what -- 3800 USD now? That is indeed a nice suit.
https://onlydinosaurs.com/realistic-gorilla-animal-costume-f...
Knock off purple is cheap, as are machine stitched fabrics .. neither pass the eye of those who judge such things though.
https://imperiumromanum.pl/en/curiosities/sumptuariae-leges-...
Despite Sumptuary law's then it was often the case, as it is now, that anyone who cared to spend the money could become a magistrate and wear a stripe of purple, or spend more money to overthrow a ruler and replace them .. going full purple.
Wearing purple signified not only that you could afford purple, it also signified you could bribe censors to allow you to wear purple.
Much like having the latest model of a limited edition sports car today; not only can you afford the car but you can also afford enough shittier models to be moved up the preferred buyer list or otherwise bribe the sales reps.
The reason why money printing doesn't immediately translate into lowered dollar value (and thus, higher gold prices) is that other goods and services are getting cheaper around it. If supply is flexible then the price of some goods won't change much, while things with fixed supply will skyrocket in price. That's why we basically didn't see much inflation in the 2010s despite printing shittons of money and having a zero-interest rate policy for most of it. All that money went straight into equities and real estate.
Likewise, there are also goods like oil that are part of basically every supply chain, so when the price of oil goes up, the price of everything goes up. Owning gold will not hedge against this kind of inflation. "BuT tHe SuPpLy Of GoLd Is FiXeD!" you say. Yes, but oil has something stronger than a fixed supply: centralized supply. Every oil producing nation in the world is part of a large supply-restricting cartel that has proven to be frustratingly resilient to all the usual things that are supposed to break cartels. They even managed to bring American shale oil producers to heel (because fracking is too expensive to be economic in a cheap oil environment).
As a result, the ratio of gold to oil prices is very volatile[0], way moreso than you'd expect from something sold as an inflation hedge. Because, with few exceptions, everything in the economy runs off oil, you'd expect to see either a fixed line (if oil is as fixed as gold) or a rising line (if oil grows like dollars). Instead we see ups and downs everywhere.
[0] Apologies for the infographic spam, but this was the easiest chart to find: https://elements.visualcapitalist.com/visualizing-the-gold-t...