🥇 PRICE ILLUSION VS REAL VALUE — IS GOLD REALLY “EXPENSIVE”?

Everyone’s staring at the $5,000/oz headline and calling it “price madness.”

But that reaction only makes sense if you look at gold in nominal dollars.

Zoom out — and the story flips.

📊 What this chart actually shows

Gold isn’t being measured against a weakening currency.

It’s being measured against financial assets — stocks and bonds.

And by that metric?

👉 Gold is still historically cheap.

🕰️ A reality check

• In 1980, gold massively outperformed stocks and bonds

• Today, gold is still near the bottom of that long-term ratio

• Equities (S&P 500) and government debt have absorbed enormous inflation

• Gold hasn’t yet caught up

This isn’t expensive gold.

This is a delayed repricing.

⚠️ The illusion

Nominal prices rise, so people assume value has peaked.

But what’s really happened is:

• Stocks inflated

• Bonds inflated

• Debt exploded

• Currencies diluted

Gold is simply beginning to close the gap.

🧠 Why this matters now

The classic 50/50 portfolio no longer offers true protection in a world of:

• High debt

• Financial repression

• Policy-driven markets

Smart money is starting to understand this isn’t a gold bubble — it’s the early phase of a structural reset between paper assets and hard value.

📌 Bottom line

We’re not buying gold because it went up.

We’re buying it because everything else is priced for perfection.

The real question isn’t whether gold is expensive —

It’s whether your portfolio is ready for what comes next.

$FOGO $ZEC $SOL

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