Gold’s Grand Entrance: A Bull Market Ball or Bust?

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What to know:

  • Gold, that most estimable of metals, has ascended with such vigor it now shines at $4,340 per ounce, outpacing even the fickle Bitcoin and the M2 money supply. 🦄💰
  • Bitcoin, that digital parvenu, totters near a $2 trillion market cap and its 365-day moving average-$100,000-like a gentleman unsure of his own fortune. 😬
  • Bitcoin’s gold-denominated peak? A mere shadow of its former glory, 40% below its zenith. How droll! 🤷♂️

Gold, the world’s inaugural $30 trillion asset, has behaved with such audacity in 2025 that it has risen over 60% year-to-date, now trading at approximately $4,340 per ounce. One might say it has outshone even the most fashionable of investments. 🌟

To gauge gold’s mettle, one might compare it to the M2 money supply, that most estimable measure of circulation (cash, checking deposits, savings accounts-oh, the trifles!).

Since its nadir in 2022, gold has gained roughly 150% against M2. Yet now, it approaches levels last seen in 2011 and 1974, those tumultuous eras of economic chaos. Does this herald a grand finale, or merely the prelude to a grander performance? 🎭

On the contrary, it may yet signal the dawn of a bull market so fervent, it might rival the 1970s’ stagflationary surge, when gold leapt an additional 180% against M2 before its ultimate crescendo. One can only hope the orchestra does not falter. 🎻

Gold vs Bitcoin Performance

Gold’s triumph extends beyond mere money supply. The gold/bitcoin ratio, that most contentious of duels, now stands 50% higher year-to-date. A dance-off between two suitors vying for the market’s affection, if you will. 💃🕺

Bitcoin, at 24 ounces per BTC, languishes 40% below its December 2024 all-time high. Its total market capitalization? A paltry 7% of gold’s value. How quaint. 😅

Bitcoin’s market cap now approaches $2 trillion, aligning with its 365-day moving average (365DMA) at $100,000. This metric, which calculates the average closing price over 365 days, is but a humble guide to long-term trends. Or so we dare to hope. 📊

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2025-10-17 14:11