The decline in value of fiat currencies against gold has been truly remarkable:
Since 1971, the US Dollar has lost 98.94% of its value against gold, the second-largest fall among major currencies.
During the same period, the British Pound has declined 99.42%.
The Euro would have lost 98.76% if it existed since 1971.
Furthermore, the Japanese Yen and Swiss Franc have dropped 97.47% and 94.85%, respectively.
Meanwhile, gold prices in US Dollar terms are up ~1,000% during this period.
Gold remains a hedge against currency debasement.