This wonderfully written book explores gold’s historical role as an inflation hedge and its relationship with inflation. Drawing on monetary history, Lewis argues that inflation and financial instability increased after nations abandoned the gold standard for fiat money. Although it was written decades ago around the 1970s, his arguments still remain relevant today amid rising inflation, rising policies, and currency devaluation explained in this article. While the book strongly favors gold and downplays some valid counterarguments, making it seem a little biased for my liking, it offers a clear and timely framework for understanding modern inflation debates and the enduring appeal of gold.