Flight of the Gold Bugs.

This is an article on inflation in Canada and how it affects the price of gold. In 1987, gold lovers were ubiquitous, shrieking that inflation lurked dangerously as the precious metal hit US $500 per ounce, up 55 per cent from the previous year. But inflation didn't return.Today, there's talk of inflation even among the see-no-inflation-evil Wall Street economists, from whom rarely was heard a discouraging word for all those years. To listen to the gold bugs, the return of their kind of inflation (the Bram Stokerish stock market-crashing kind) is guaranteed by that big price tag for oil. That rally coincided with the release of powerful U.S. economic performance statistics (particularly the blowout nonfarm payroll report for April, which confirmed the job-gain trend), and with softening economic reports from Europe, China and Australia.