‘The debasement trade’: is this what’s driving gold, bitcoin and shares to record highs?

‘The debasement trade’: is this what’s driving gold, bitcoin and shares to record highs?

Investors fear governments will not – or cannot – rein in borrowing so are putting their money elsewhere

Investors are piling into assets such as gold, bitcoin and shares amid worries about government debt, central bank independence, and the weakness of major currencies such as the dollar. The trade has even been given a moniker: the “debasement trade”. But what does it mean?

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