This is the most naive take on...well, currencies, gold and their relationship, that I've seen in a very long time. Imagine it was 1970. You had dollars and yo

This is the most naive take on...well, currencies, gold and their relationship, that I've seen in a very long time. Imagine it was 1970. You had dollars and you had gold and they were inexorably tied to each other. Gold was ~$35/oz at the time and you swap dollars for gold easily. You could keep your "money" in dollars or gold. If you chose dollars at the time...you made very bad decision (1972...Nixon...the US went off the gold standard...and all that). There's no DXY to measure from that time, but who gives a shit. Let's measure in terms of "Purchasing Power". In the early 70s, the average wage in the US was ~$9800 and the average house price was ~$17,000. So, at the time you could take your "dollars" and buy the median house for $17K or so. So, roughly twice the median wage. Fast forward a few decades... In 2022 the average wage in the US was ~$54,000 and the average house price was ~$375,000. So....roughly 6.5 times the average wage. Notice a problem yet? Now, let's take gold. Price in 1970 - $35/oz Price in 2022 - ~$2,000/oz. Price in 2025 - ~$4,000/oz So, gold has gone up ~57x, from 1970 to 2022 and ~114x from 1970 to 2025. If your wages had climbed in-line since 1970, the average wage in 2025 would be $1.2M, but of course it didn't. Why? It's the dollar stupid, not gold. If you took every spare dollar you had in 1970 and bought gold...vs keeping dollars in the bank... That's the dollar's "worth", not a fucking index against other fiat currencies.