$5,000 gold: logic, not lunacy, in a de-dollarizing world

TOKYO — Anyone who thinks gold’s surge into the stratosphere represents irrational exuberance isn’t paying attention to the wretched state of the Group of Seven (G7) economies. US government debt is topping US$37 trillion, giving ratings agencies cause to reassess the world’s largest economy’s underlying health. France’s dueling political and debt crises have the International
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