GOLD is a BIGGER BUBBLE than the S&P500?? Look away gold bugs
This chart shows GOLD and S&P500 on the same % change axis since 1965.
Based on this timescale, GOLD has had a GREATER % rise in price than the S&P 500.
But hang on, isn't GOLD price supressed and is the only asset class NOT in the EVERYTHING BUBBLE?
FALSE NARRATIVE!! Zoom out to this longer time scale and see that GOLD has also ascended into NOSE BLEED BUBBLE TERRITORY, its just timed its climbs different to equities. +++ It gets worse.... GOLD has painted a HUMUNGOUS double top which is now bearing down a top of the gold chart.
CONCLUSION: Gold is every much as part of the everything bubble as STOCKS and REAL ESTATE. GOLD will not be a safe haven and will fall in a similar way to stonks (MASSIVELY) in the coming depression
Based on this timescale, GOLD has had a GREATER % rise in price than the S&P 500.
But hang on, isn't GOLD price supressed and is the only asset class NOT in the EVERYTHING BUBBLE?
FALSE NARRATIVE!! Zoom out to this longer time scale and see that GOLD has also ascended into NOSE BLEED BUBBLE TERRITORY, its just timed its climbs different to equities. +++ It gets worse.... GOLD has painted a HUMUNGOUS double top which is now bearing down a top of the gold chart.
CONCLUSION: Gold is every much as part of the everything bubble as STOCKS and REAL ESTATE. GOLD will not be a safe haven and will fall in a similar way to stonks (MASSIVELY) in the coming depression
