Gold tops $5,000 for 1st time, stoking fears of global debt crisis and dollar decline
Gold (GC=F) continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected. Futures hit the major milestone on Sunday, 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
Gold (GC=F) continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected. Futures hit the major milestone on Sunday, 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
19 days ago
