There is a de-dollarisation happening in global economy – why not bring back ‘gold standard’?

It’s been a busy month for both Bitcoin fans and gold hawks, with both reaching record highs on the back of soaring inflation, market volatility and high rates. While both assets typically attract quite polarising investors, their simultaneous rallies are united in their speculation that the US and other Western economies may not be able to maintain high interest rates, given their sky-high debts.

As stated by XTB research director Kathleen Brooks, “When gold and Bitcoin rise in unison, it is worth interrogating the reasons behind this, in case they can give us clues about investor behaviour. Both seem to be rallying on the back of the overall market mood: US, Japanese and several European indices have made fresh record highs recently.