Gold maintains its status as a premier inflation hedge and store of value due to its rarity and immutable chemical properties, resisting tarnishing or decay. The United States officially abandoned the gold standard in 1971, allowing fiat currency to float freely, yet central banks globally still hold vast reserves, such as the estimated 8,133 metric tons stored at Fort Knox, Kentucky, reinforcing its essential role in global financial stability, currently valued at hundreds of billions of dollar
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