Gold and silver surge as the debasement trade takes hold

From deriv.com

Gold and silver are climbing at a pace that reflects more than a routine haven rally. Their surge has become the clearest expression of the so-called debasement trade - a shift by investors who believe political instability, widening fiscal risks, and weakening currencies are chipping away at real purchasing power. Silver futures have doubled this year, while gold is up more than 60%, signalling how widespread the flight into hard assets has become. Copper’s record high above $11,400 per tonne adds weight to this shift, but it is gold and silver that best capture the market’s concern that volatile policy choices ... (full story)