What is gold?

Gold is a precious metal whose price movements are discussed in relation to macroeconomic factors, other assets, and market cycles. As of mid-2026, gold is also noted as a dominant real-world asset in the per market, though some predict it may eventually be surpassed by Bitcoin.

• Apr 2026 - Bruce MacDonald said gold turns out to be the best hedge against emerging market debacles.
• May 2026 - Pierre Lassonde said $17,000 is an absolute floor for where gold is going.
• May 2026 - Andrew Perry said gold against the 30-year is making lower highs.
• Jun 2026 - Francis Hunt said gold had setups along the way and topped out at 5,600.
• Jun 2026 - Michael Howell said if the oil-gold ratio sticks at 20 and gold is underpinned at $4,000–$5,000, oil could go to $200.
• Jun 2026 - Michael Oliver said the dollar is irrelevant to gold.
• Jun 2026 - Mike Selig said real-world assets like gold dominate over 60% of the per market volume.
• Jul 2026 - Brent Donnelly said the gold run over the last year was just like a Chinese bank thing, and if you isolate that out, equities are at all-time highs.
• Jul 2026 - Dan Held said he thinks Bitcoin will eventually flip gold, probably at least 10 to 15 years away, and that if that happens in any tangible manner, gold could drop 25% in a day.