Gold tops $5,000 for the 1st time in 'breathtaking and profoundly scary' rally
Gold (GC=F) rose above $5,000 an ounce on Sunday, hitting the major milestone earlier than Wall Street expected, raising questions about the stunning speed of the rally in precious metals.
Gold's surge has become a hallmark of the so-called “debasement trade,” with investors buying ***** ets to protect against the erosion of purchasing power amid soaring government debt worldwide.
"The rise in precious metals prices is breathtaking and profoundly scary," wrote Robin Brooks, Senior Fellow at the Brookings Instit
Gold (GC=F) rose above $5,000 an ounce on Sunday, hitting the major milestone earlier than Wall Street expected, raising questions about the stunning speed of the rally in precious metals.
Gold's surge has become a hallmark of the so-called “debasement trade,” with investors buying ***** ets to protect against the erosion of purchasing power amid soaring government debt worldwide.
"The rise in precious metals prices is breathtaking and profoundly scary," wrote Robin Brooks, Senior Fellow at the Brookings Instit
19 days ago
