Well in MY experience, the idea that gold is “at a critical juncture” vs. M2SL feels like a headline looking for a story. Sure, gold and money supply can correlate—like a seesaw where more dollars in circulation might push gold higher. But history isn’t a straight line. In the 70s, gold tripled during stagflation, a mess of high inflation and stagnant growth. Today’s economy is different—tech-driven, globalized, and with central banks playing a more active role. Gold’s not a magic bullet; it’s a hedge, not a guarantee.

The article mentions 2011 as a benchmark. I’ve seen that number pop up before, but 2011 was also the year of the eurozone crisis and a U.S. debt ceiling fight. Markets react to chaos, not just numbers. If M2SL is hitting old levels, it might signal inflationary pressure, but gold’s response depends on other factors—interest rates, geopolitical tensions, even investor sentiment. Think of it like a weather forecast: the barometer might rise, but that doesn’t mean a storm’s coming.

I’m not saying the claim is wrong, but it’s oversimplified. Gold’s a complex asset, and tying it to one metric feels like judging a book by its cover. Maybe the real story is how Bitcoin’s “digital gold” narrative is shaking things up. But hey, I could be missing something. Let’s hash it out.

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