1 August 2023
The blending of saving and investing due to fiat currency inflation has pushed people towards riskier assets like stocks and bonds. However, these traditional wealth stores are losing favor, particularly Treasuries, which had their worst year in 2022. Instead, gold is emerging as a preferred store-of-value, fueled by demand from central banks, especially in China and Russia. The growing U.S. debt, impending default, currency debasement, and potential hyperinflation underscore this trend. A major shift in global finance is underway, with gold likely to replace Treasuries as the top store-of-value asset.