The Financial Post reports in its Wednesday edition that gold prices are soaring, breaking records with a rise to over $3,650 as of mid-September. The Post's Gabriel Friedman writes that in March, gold first crossed $3,000 per ounce and hit $3,500 in April. This marks a big shift from 2019, when gold was below $1,300 per ounce. Advocates, known as "gold bugs," cite its value as a hedge against inflation and a safe asset during uncertainty. Maison Placements Canada analyst John Ing says: "Gold is a classic hedge. It's a store of value, and it has maintained its value in inflationary times and deflationary times." Now, gold is rising because of what he calls "the age of uncertainty," a geopolitical restructuring that is causing new tensions in the financial system. That has driven investment away from U.S. debt and toward gold. Beyond that, Mr. Ing says countries are re-evaluating the role that the U.S. plays in the global economy and the relative safety of the U.S. dollar as a store of value. He says as President Donald Trump's pressures on the Federal Reserve makes it look less independent and the greenback less safe. Mr. Ing says, "We know the dollar is overvalued. ... We know the American debt level is unsustainable."