Now pause š If the unit you measure with keeps getting longer⦠everything you measure will look like itās growing.
What actually happened? We didnāt just get a stock bull market. We got massive currency dilution.
Stocks went up in nominal terms But when priced against a hard yardstick like gold?
š A lot of that āgrowthā disappears.
Gold didnāt beat stocks because itās aggressive. Gold beat stocks because it stayed honest.
Gold reflects: ā currency debasement ā monetary expansion ā loss of purchasing power
The S&P 500, when adjusted for money supply, has spent long periods running in place, not compounding.
This is why measuring wealth only in dollars is dangerous.
When you print the ruler: ā assets look taller ā gains feel real ā purchasing power quietly dies
āļø Conclusion: Gold isnāt screaming ānumber go up.ā Itās calmly saying, your money is shrinking.
And thatās the real lesson since 2000: It wasnāt a historic bull market⦠It was a historic money-printing cycle.
Measure wisely. šš
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š THE BIG LIE SINCE 2000: GOLD EXPOSED IT
People keep asking why Gold has āoutperformedā stocks since 2000.
The answer isnāt magic, fear, or shiny rocks.
Itās the denominator.
Letās talk numbers⤵ļø
ā M2 Money Supply (2000): $4.6 trillion
ā M2 Money Supply (2025): ~$22.3 trillion
Thatās a 4.8x expansion of dollars in 25 years.
Now pause š
If the unit you measure with keeps getting longerā¦
everything you measure will look like itās growing.
What actually happened?
We didnāt just get a stock bull market.
We got massive currency dilution.
Stocks went up in nominal terms
But when priced against a hard yardstick like gold?
š A lot of that āgrowthā disappears.
Gold didnāt beat stocks because itās aggressive.
Gold beat stocks because it stayed honest.
Gold reflects:
ā currency debasement
ā monetary expansion
ā loss of purchasing power
The S&P 500, when adjusted for money supply, has spent long periods running in place, not compounding.
This is why measuring wealth only in dollars is dangerous.
When you print the ruler:
ā assets look taller
ā gains feel real
ā purchasing power quietly dies
āļø Conclusion:
Gold isnāt screaming ānumber go up.ā
Itās calmly saying, your money is shrinking.
And thatās the real lesson since 2000:
It wasnāt a historic bull marketā¦
It was a historic money-printing cycle.
Measure wisely. šš