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The so-called 'great debasement trade' is back on as gold sets fresh record, says this strategist
Gold reaching a new record high is evidence the so-called "great debasement trade" is back on, says one strategist. Robin Brooks, the senior economist at the Brookings Institution and previously chief currency strategist at Goldman Sachs, made his comment as gold surged past $4,400 an ounce. In a post on Substack, Brooks the upswing is a direct result of the most recent rate reduction from the Federal Reserve and fears of debt monetization, which is central banks buying the bonds the government issues. Gold has now delivered a 68% return in 2025 and silver (SI00) , subject to many of the same propellants, now up ... (full story)