$XAU Gold isn’t rising because it’s “overvalued.”
It’s rising because paper money keeps losing purchasing power.
When gold is adjusted for the growth in money supply, an important insight appears:
The 1982 gold high — measured against money supply — is still about 16% above today’s price.
That means:
• Gold is not in a bubble
• The long-term structure remains constructive
• There is still upside room if monetary debasement continues
The chart compares gold to the total money supply rather than just nominal USD price.
It shows that gold’s real valuation is still below its historic extreme.
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In other words:
Gold hasn’t fully caught up yet to how much money has been printed.
#GOLD #GoldOnTheRise #StrategyBTCPurchase
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