Gold Hits Record, Bitcoin Nears Peak As Currency Debasement Fears Spread Globally

Benzinga

Investors are flocking to Bitcoin, gold, and silver as global currencies weaken under mounting fiscal strain. Japan’s yen fell sharply after new stimulus pledges, while U.S. and European debt pressures added to the “debasement trade.” Analysts say soaring debt and political turmoil are reviving hedging behavior last seen during the financial crisis.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Global fiscal strains are fueling a debasement trade as investors flee weakening major currencies

00:07for assets like Bitcoin, gold, and silver, according to Bloomberg. The end pledged 1.6%

00:12against the dollar after Japan's likely next prime minister, Sinead Takachi, pledged more

00:16stimulus. The dollar remains under pressure amid the ongoing U.S. government shutdown,

00:20while France's political tensions weigh on the euro. Gold at a record high and silver neared one,

00:25while Bitcoin hovered near its all-time peak. NLSA rising debt across the U.S., Japan, and Europe

00:30is driving demand for hedges against currency debasement, echoing patterns seen during the

00:34global financial crisis, and years of quantitative easing. For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended