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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

Alan Greenspan
Safety, Gold, Saving
Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.