One of these four lines is routinely called a bubble. It is the one on top.
Since 2000, gold has returned 1,400.6% in USD. The S&P 500 returned 365.9%.
Silver returned 1,219.6%. The gold miners of the GDM index, 711.2%.
Gold has beaten the index by nearly four times this… pic.twitter.com/TmRw64ak55
— In Gold We Trust (@IGWTreport) July 20, 2026
