Reported 2 days ago
Gold reached a record price of over $4,000, while silver and Bitcoin also surged as investors fled to safe-haven assets in response to growing government debt and inflation concerns. This trend, dubbed the 'debasement trade,' sees a shift from fiat currencies towards hard assets and cryptocurrencies. The US dollar continues to decline, and with expectations of Federal Reserve rate cuts, precious metals and Bitcoin have shown significant gains since the start of the year, reflecting a broader flight to safety in volatile economic times.
Source: YAHOO