The ‘debasement trade’ is the talk of Wall Street. What is it and is it too late to get in?
Factors ranging from geopolitical tensions to the prospect of lower interest rates to free-spending global governments is pushing the “currency debasement” trade that has led to record highs across risky asset classes. Gold, for one, has scaled to eye-watering heights , surging more than 50% in 2025 as both an inflation hedge and safe-haven play….