> The question is can the value of gold be used as a proxy for inflation So it can’t unless you stretch the period out so such an extent that there basically j

> The question is can the value of gold be used as a proxy for inflation So it can’t unless you stretch the period out so such an extent that there basically just 1-2 data points left? Or are you claiming that prices and money supply between ~1980 and 2000 increasing by more than 2x? Because otherwise it’s an extremely lagging indicator. More like what’s left after the fire than early smoke.