To me, this doesn't feel like a bubble so much as fiat currencies like the dollar losing lots of value. Using gold price as a reference, gold has gone from ~$30

To me, this doesn't feel like a bubble so much as fiat currencies like the dollar losing lots of value. Using gold price as a reference, gold has gone from ~$300 in 2000 to ~$1850 today. As the dollar loses value, things denominated in dollars but with real value like land go up. IMO, it doesn't seem like a bubble so much as the dollar is only worth about 15% of what it was 20 years ago.