The chart above plots gold’s price over the past 50 years ... Over shorter periods — several years or even decades — gold prices in inflation-adjusted terms fluctuate greatly.

The price of gold today, as of 9:12 am ET, was $3,222.05 per ounce. That’s down 0.50% from yesterday ... Over shorter time periods, the inflation-adjusted price of gold fluctuates dramatically ...

What's constant and that reflects reality for it being constant can't be adjusted on the assumption of inconstancy.

Delivering long-term returns and beating inflation Gold generates robust returns across economic cycles. Looking back over the past 50 years ... gained over 20%[3] (Chart 1).