People buying gold speculatively as an inflation hedge is exactly the opposite of gold being a source of stable value, though. Gold is "inflating" far, far faster than currency (edit to clarify: far faster than currency-valued goods; gold "interpreted as" a currency is deflating catastrophically), you just pointed it out!

There are a shocking number of gold-happy nerds on this site who are going to be shocked and horrified the next time it crashes (which is has, and will again). The nonsense the largely-partisan smarter-than-thou media you're watching is feeding you is nonsense, and at some point you're going to discover that via great suffering.