Gold has been going up, and is hyperinflated.
One thing to keep in mind, is that the returns now are not nearly what they were a couple years ago.
See, Gold today is about 1800. If you bought it at 1500, you made 300. But, that is only a return of 20%.
On the other hand, if you had bought Gold at 1000 and sold at 1300, same 300, but 30%.