Okay. I'm clear on the "real" price in the chart.

But still, gold has never dipped below its 1918 low on that chart. Twice it shot up as a hedge against paper inflation, but it never went below where it started.

Isn't that a terrific store of value? I'm talking about a time frame of centuries here. Not just a few years during a bubble.

And before you counter that we're currently in a low inflation period - we're not. If the CPI was measured using the same metrics that the government used itself in the early 80's, inflation would be running at 9% annually.