Usually, we would expect increased inflation to drive up the price of gold. Gold is, after all, traditionally considered to be a hedge against inflation.
Alternative currencies are soaring in popularity as Glint, the global gold-based payments system that allows clients to securely save, send and spend multiple currencies including real gold, has announced a new simultaneous crowdfunding round in both the UK and the US.
What’s interesting is that gold prices have continued to struggle even as the US Dollar falls back, with risk appetite continuing to surge as the demand for safe-haven assets and secure stores of wealth declines.