Inflation has steadily eroded the dollar’s purchasing power, regardless of who was in the White House. According to the Federal Reserve Bank of Minneapolis, $100 in 2025 buys what just $12.05 did in 1970 (4).“Inflation is going to be much more pernicious over the next few years than it was when Biden was president, unfortunately. That’s what gold and silver are telling you — they are a warning,” he said (1).Schiff, who is also involved with SchiffGold, believes the rally in precious metals is more than just ...