Actually, a huge influx of gold probably would not affect our economy today that much, because the total amount of gold is quite small relative to the size of t

Actually, a huge influx of gold probably would not affect our economy today that much, because the total amount of gold is quite small relative to the size of the world economy, and gold is not used as a currency anyway. It would obviously destroy the price of gold, though. That's really one of the two main problem with inflation scare mongers: they don't usually talk about the scale of things. A gigantic influx of new money would certainly cause inflation. However, when the Austrians come out of their holes, one is usually talking about low single-digit percentages of GDP in spending, which is really not that much. The second main problem of Austrian inflationistas is that they deny the possibility that economic production can increase in response to an increase in spending.