Government measures of inflation are not properly adjusted to include assets like real estate, said economic writer Mish Shedlock.
Shedlock notes that what really drives gold prices is the decline of confidence in the central banks.
0:00 - Main drivers of gold8:10 - Monetary policy and gold12:44 - Definition of inflation15:47 - Housing bubble
Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk.