The gold-to-silver ratio is starting to move abruptly, as it often does after reaching extremely elevated levels.
Source: Tavi Costa
Gold relative to S&P 500: are we just at the start of the cycle?
A fascinating chart by Otavio (Tavi) Costa Gold relative performance dynamic follows very long-term cycles, and we’re likely only in the early stages of this one. As Tavi points out, we now face a trifecta of macro imbalances: ▪️The Debt Problem of the 1940s ▪️Inflation Issues of the 1970s ▪️Asset Valuation Imbalance of the Late 1920s and 1990s Source: Bloomberg, Crescat Capital
This chart destroys every "gold is too expensive" argument
They were buying 20 tonnes when gold was at $3,000. Now they're buying 55 tonnes at $4,000. Source: Katusa Research @KatusaResearch
Gold's long-term correlation with the S&P 500 has just reached an extremely high level, only seen in...August 2007.
Source: Guilherme Tavares i3 invest
Gold is only 2.8% of investor AUM... imagine 4–5%.
Source: The Market Ear
Gold is on pace for its best year since 1979, up over 60% in 2025.
Source: Charlie Bilello
All the world's gold, in one visual
There are 216,265 tonnes of gold above ground… and another 132,118 tonnes still waiting below Where is it all? Jewelry: 97,149t Central Banks: 37,755t Industry & Tech: 32,727t Bars & Coins: 48,634t Source: ⚡️AIGOLD⚡️ @AIGOLDOfficial
Breakout Alert 🚨: Gold
Source: Barchart
