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

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.