Donald Yacktman, whose mutual funds have some of the strongest long-term track records around, says companies with good pricing power can be better inflation hedges than gold. Yacktman tells Bloomberg that he thinks inflation is coming, and businesses like Coca-Cola, Procter & Gamble, and Viacom have the ability to raise prices and are thus very protected from inflation. “I’d rather have Coke than gold,” he says.

[youtube=http://www.youtube.com/watch?v=SehSj_ITZIw]