(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey examined what he calls the debasement trade. It is the growing preference for tangible assets such as gold and silver as protection against the declining purchasing power of fiat currencies.
Maharrey framed the trend as a matter of trust. If people no longer trust the institutions managing their money, he argued, they will naturally seek assets that are not created or controlled by those institutions. Gold and silver have historically filled that role because they are not issued by governments and carry no direct currency-debasement risk.
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