Rising debt and policy uncertainty strengthen gold’s edge over silver - WisdomTree’s Shah - KITCO

KITCO relays WisdomTree’s view that rising sovereign debt and policy uncertainty strengthen gold’s relative case versus silver. Tradeably, this supports a long-gold/short-silver (or higher gold/silver ratio) bias when the market is pricing fiscal risk, policy error, or growth downside—conditions where gold’s monetary/hedge bid dominates. Silver can still outperform in reflationary/industrial upcycles, but the article’s framework favors gold when uncertainty and safe-haven demand are the primary drivers. Desk focus: real rates, fiscal headlines, and risk-off shocks as catalysts for gold outperformance.