Gold climbs over $4,000; silver, bitcoin surge as 'debasement trade' flight to havens continues

Gold (GC=F) climbed to new records on Wednesday as silver (SI=F) and bitcoin (BTC-USD) continued a run higher. Investors are looking for hedges against mounting government debt and a broader shift away from fiat currencies toward what some analysts have dubbed the "debasement trade." Gold futures blew past $4,060 per troy ounce to touch a fresh record, while silver futures (SI=F) climbed to $48.70, their strongest level in decades. Meanwhile, bitcoin sat near $123,000, hovering just below Monday's record ...