| Last updated: Jan. 31, 05:00 | Page 1 of 6 |
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Monetary debasement is the process of reducing the value of money, whereas inflation is a gradual rise in prices, so the two look like sides of the same coin, but they differ greatly in method and degree. Debasement happens when a monetary regime loses credibility—It can start with emergency government spending, which turns into chronic baseline deficits, bloating debt. Today, Wall Street uses the term “debasement trade” to describe the startling run-up of gold’s price.
By Jack Hough
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| Last updated: Jan. 31, 05:00 | Page 1 of 6 |




