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The Trust Deficit: Why Gold Soared 65% While Bond Markets Shrugged
Aswath Damodaran dissects the paradox of 2025: four trust-eroding events left treasury rates unmoved while gold exploded. The divergence reveals distinct investor populations making radically different bets on institutional stability.
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By Insight DistilleryAswath Damodaran dissects the paradox of 2025: four trust-eroding events left treasury rates unmoved while gold exploded. The divergence reveals distinct investor populations making radically different bets on institutional stability.