The bet on devaluation. What is behind the record highs of gold, bitcoin and stocks?
Gold, bitcoin and stock markets have seen significant gains in recent months, fuelled by concerns about the sustainability of public debt, the independence of central banks and the decline in confidence in major currencies such as the US dollar. This phenomenon has been dubbed by investors as the “devaluation bet”, writes The Guardian. What does “devaluation bet” mean? Devaluation, in the classical sense, ...
