'Dollar Debasement' Sees Gold Erase Summer Slump at $4500 - BullionVault
'Dollar Debasement' Sees Gold Erase Summer Slump at $4500 - BullionVault
Source: BullionVault
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DW NOTE
Gold at $4,500 is a debasement hedge doing what it's built to do — the US just raised the debt ceiling by $5 trillion while core inflation sits at 3.3%, double the Fed's target. The metal's 37% annual gain isn't speculation; it's rational flight from currencies whose issuers have abandoned any pretence of fiscal discipline.