The article is not bunk. It approaches one of the facets of the money and market algebra out there that is being used by sensitive people who value their money seriously enough to bother looking into it.
If you don’t want to bother, then too bad for you. Bush or Obama’s redistribution or gifts won’t be there to save you.
I take it that you're one of these people too, so how about we look into it together.
The article says that oil and gold show us what true value is and the way their prices tend to track each other can show us what true inflation is. The price of oil and gold has gone down by about half over the past half year. Nobody actually believes we've just had 50% deflation, so the article is bunk.