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Story summary
- Investors worry about long-term asset value due to rising budget deficits and political instability.
- The debasement trade is gaining traction as money managers move away from sovereign debt toward precious metals and cryptocurrencies.
- Gold has surged over 50% this year.
- In the United States, Federal Reserve policies and political dysfunction raise doubts about Treasuries.
- Some investors view Microsoft Corporation corporate bonds as equally or more secure than government debt.
