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The 'Debasement Trade' Just Hit A Wall—And The Bond Market Knows Something Gold Bugs Don't
Yahoo Finance·2025-10-28 00:31

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The narrative sounded perfect: gold soaring past records, Bitcoin rallying, stocks climbing relentlessly—all signs that investors were fleeing the dollar in a panic over U.S. currency debasement. But if you check what’s actually happening in the bond and foreign exchange markets, that story falls apart fast. While precious metals have indeed surged impressively this year—gold jumping 50%, with silver and p ...