In 2000, $1M in Gold would have bought you roughly 3,500 ounces. Today, that same stash is worth ~$15.7M.
The S&P 500? That same $1M would be worth ~$4.7M (price only).
The "rock" with no earnings or innovation outperformed the greatest engine of American capitalism by over 3x. It’s not that companies aren't productive—it's that the currency they are measured in is melting.


