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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

‘The debasement trade’: is this what’s driving gold, bitcoin and shares to record highs?

Gold bars.
The price of gold hit another record high on Wednesday, passing $4,000 an ounce. Photograph: Mike Groll/AP

Investors are piling into assets such as gold, bitcoin and shares amid worries about government debt, central bank independence, and the weakness of major currencies such as the dollar. The trade has even been given a moniker: the “debasement trade”. But what does it mean?

What is the debasement trade?

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