Much is being made of young investors using credit to buy gold, but instead of signaling a bubble, this could point to a generational shift in asset preference. With inflation fears, geopolitical instability, and a weakening trust in fiat currencies, younger investors are turning to gold as a long-term hedge — even if it means using credit in the short term.

While credit usage raises red flags for financial prudence, the broader takeaway is that gold is no longer just a "boomer asset." This democratization of gold demand, especially through digital platforms and fractional gold buying, can sustain upward momentum. Moreover, central bank demand remains historically high, and real interest rates are still relatively low — both bullish signals.

Until we see widespread institutional liquidation or a sharp real rate hike, this rally likely has room to run.