The bullish case for gold is centered on currency debasement. According to CNBC's report, Wells Fargo strategist Ohsung Kwon says the global economy has entered a fourth "debasement cycle," where rising debt, deficits and inflation chip away at the value of fiat currencies like the U.S. dollar. During times like this, investors tend to look beyond traditional systems — and, historically, gold has been a top destination for preserving wealth. Since around 2022, a mix of global shocks — including Russia's invasion of Ukraine, persistent inflation and aggressive rate hikes — has reshaped the macro backdrop. Central ... (full story)