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Many Happy Returns — The Debasement Trade: Faith, Fear, and the Fall of Fiat?
Scout ratingSCOUT· 64%39m·2025-10-22·Money

The Debasement Trade: Faith, Fear, and the Fall of Fiat?

Many Happy Returns · 191

Gold has surged 50% this year, silver even more, while the dollar has slumped 9%. Behind the rally lies a powerful narrative: that mounting government debt is eroding faith in traditional currencies, driving investors toward scarce assets like precious metals and crypto. But is the so-called “debasement trade” a…

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