The ongoing debasement trade and liquidity stress are two drivers for gold in 2026, according to a recent Sprott Precious Metals Report. For investors fearing they may have missed out on the gold rally, these drivers could prove otherwise. Dubbed the “debasement trade” in 2025, investors were fleeing from fiat currencies and into hard assets like gold as market uncertainty persisted for much of the year. These same dynamics could carry over this year, resulting in more tailwinds for gold. “Until policymakers globally decide to address the rampant expansion of debt and deficits without resorting to financial ... (full story)