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Investors Turn to Gold as Inflation Threat Looms, Is Bitcoin Next?

With more prominent investors raising the alarm bells over possible inflation as a result of fiat currency debasement by central banks around the world, gold has soared to its highest level since 2012. With all the fundamentals seemingly in place, the question for the bitcoin (BTC) community is when the digital gold will follow.

Both gold and silver made headlines over the weekend as they ended the trading day on Friday on a positive note for investors, trading higher for four consecutive days. Both precious metals were also up sharply in early Monday trading, with silver standing out with a gain of more than 4%.

Following the surge higher over the past few weeks, gold is now approaching its highest level from back in 2011 of just over USD 1,900, which ended a decade-long bull market for the yellow metal.