The current economic scenario has awoken the gold bulls on the financial markets. The fears of an economic recession and the currently high inflation are pushing the gold prices up.
In this particular framework, investors seem to have a new weapon under their belt: gold-backed cryptocurrencies. These assets aim to take the best features from two distinct worlds. These projects want to merge the growth potential of cryptocurrencies and the safe-haven feature of the gold market.
Gold and Economic Stagflation
This year, consumers, investors, and economists are all concerned about more than simply the inflation rate. Stagflation might emerge if growth slows and unemployment rises.
Stagflation occurs when the economy slows, demand declines, and unemployment grows while inflation rises. This circumstance is unusual because joblessness is normally bad for economic development. Inflation tends to fall in tandem with a decline in demand.
Investors could wonder how to protect their assets in...
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