Inflation devalues the store of wealth. I am old enough to recall the elevated "misery index" 12%+ inflation under Jimmy Carter. There was little sense in keeping savings accounts since the interest did not keep up with inflation. The stock market had been anemic. A lot of people went around looking for "collectibles" to buy, things that may hold value as collector's items, since money devalued quickly. Franklin Mint advertised its products as values for "inflationary times" though it turned out that Franklin Mint sets actually lost value faster than cash. It was hard to make the call on what would become collectible someday and just how. For example, a lot of people saved cans and six packs of Billy Beer, named after the president's brother Billy Carter, but it turned out that eventually only full intact cases had any collector's value. Some bought gold at $800 an ounce only to see it go back down to $350 in later years. There is some revival of gold sales now amidst fears that the government is going to have do a lot of money-printing for fiascoes such as a "stimulus" bill that is proved to require $500,000 for each job created.

Inflation will negatively affect your store of wealth. If you have $1000 in the bank and inflation takes effect, then the $1000 is now worth (for the sake of argument) $990. Because that's how much your $1000 will now buy. This happens as a result of expanding the currency supply. This expansion steals value from the money currently in supply. Assuming our country continues the failed policies of the past 100 years, we will always have to expand the money supply. The reason for this is because of how money is created. U.S. gov't decides to expand the supply, so they tell the Fed to print up say $10b. The Fed then gives this money (some paper, some electronically) to the gov't and charges $10b + interest. If we only created the original $10b, then how can we pay back more than what was created? We can't. . Inflation is basically a hidden tax where those of us not considered wealthy, are hit the hardest. You need money to make money and those of us without it, would need to take on another job in order to cover the "hidden tax." +3

It delays the inevitable which is no dough.