One of the biggest reasons investors turn to gold is its reputation as a hedge against inflation — a force that’s been quietly eroding the purchasing power of Americans’ money for decades. According to the Federal Reserve Bank of Minneapolis, $100 in 2025 has the same buying power as just$12.05 did in 1970. (3)His remark echoes a growing unease among market watchers: valuations across multiple asset classes have swelled after years of easy money and resilient investor appetite. Federal Reserve chair Jerome ...