Gold is not going up. It's the dollar that's losing value.
If anything in the marketplace should be the yardstick of value, it is gold, not USD. So you should price USD in terms of gold and you will see a very different picture. Don't let the "upward run" of gold deceive you. Gold isn't changing, the dollars are.
Are you kidding me? The gains in Gold the last 10 yrs or so reflect much more than just the inflation, its a speculative bubble.