Looking beyond...Should I be hedging against inflation??

http://freakonomics.blogs.nytimes.com/2009/01/05/investment-tips-for-retirees-worried-about-inflation/

Now this is really interesting… Due to this whole business of injecting liquidity and easing credit crisis, one thing we are surely going to launch headlong into is INFLATION. Big and nasty and probably again commodity driven (because of their depleting nature), read mainly OIL. The big question here not IF but WHEN. And WHAT are we doing about it from a personal investment point of view?? All ideas welcome… Here’s to start this…..

· Start buying into commodity stock and companies. (Ensuring at the same time that they would survive this slump)

· Start buying into Gold????