For comparison:
http://gold.approximity.com/since1968/UK_H...es_in_Gold.html
http://gold.approximity.com/since1968/GBPUSD.html
According to these charts, gold was worth $200 in 1970, and $1,000 today, i.e. today it is 5 times more expensive.
But for some reason, it won't buy me 5 times more house. Given that the pound back then was $2.50, we should in fact get 8 times more house!
Indeed, I seem to get approx. the same amount of house.
How can this be????????????
Conclusion: flush the inflation adjusted chart down the toilet. The numbers are rigged. Gold is still massively undervalued.