Reported 1 day ago
The 'debasement trade' has gained traction among investors as fears regarding government debt and inflation rise, leading to a significant increase in gold prices, which recently surpassed $4,000 per ounce. This trend sees investors shifting from the U.S. dollar to gold and cryptocurrencies like bitcoin, viewed as safer alternatives amidst growing concerns about financial stability. The movement highlights a broader desire among retail investors to find tangible assets as a hedge against economic uncertainty.
Source: YAHOO