GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • My Account
  • Sign In
  • Join Now

  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • Contact

© 2026 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Ripple Effect

The Truth About Gold

Andrew PackerAndrew Packer

August 22, 2025 • 1 minute, 16 second read


goldinflation-adjusted returns

The Truth About Gold

If you’re a regular Grey Swan reader, you already know the value in gold.

But in case you’re still on the sideline… or know someone who is…

This is the chart to share:

Turn Your Images On

As measured against gold’s purchasing power, stocks have lost ground against the metal since 1971. (Source: TradingView)

Measured in gold, stocks have underperformed the metal since the U.S. left the remnants of the gold standard in 1971.

You can see a small blip in stocks around 2000, reflecting not only the dotcom bubble, but gold hitting a generational low.

Sure, if you only held Apple, Tesla, and NVIDIA over the past 15 years, you may have fared better. Different timeframes will lead to different results.

But it goes to show that even though stocks are the best game in town, there’s still a place for gold in your portfolio.

And right now, gold mining stocks are starting to break higher, buoyed by higher earnings and cash flow potential for quarters to come.

~ Andrew

P.S. The stock market may soon undergo a “Quickening” event, where stocks soar as several technologies accelerate from here.

If that’s the case, stocks may pick up some slack in the short-term. And investors in the right stocks can make huge gains.

But when it comes time to take some profits, consider investing some of it into gold — the metal continues to stand the test of time.

If you have any questions for us about the market, send them our way now to: Addison@GreySwanFraternity.com.


The “Yentervention” Kicks US Markets Into High Gear

August 4, 2026 • Addison Wiggin

The stock market is getting an unexpected boost to kick off August, bucking the historically weak summer session for the U.S. stock market.

What’s happening? The Bank of Japan and the U.S. Treasury are making a coordinated effort to support Japanese yen; a move last attempted nearly 30 years in the height of the Asian Financial contagion (1998).

The “Yentervention” Kicks US Markets Into High Gear
Stealth Correction for U.S. Stocks

August 3, 2026 • Addison Wiggin

Global opportunities aside, the US stock market’s stealthy reset of sectors outside the complex AI trade means solid U.S. companies are offering attractive entry prices, particularly in energy, rare earths and critical minerals.

Stealth Correction for U.S. Stocks
The Real AI Crisis

July 31, 2026 • Addison Wiggin

The next phase of the AI boom won’t be decided by who builds the fastest chips, but by who can keep them powered.

The Real AI Crisis
Retail Investors Get the Memo

July 30, 2026 • Addison Wiggin

Even retail investors are now increasingly skeptical of the AI space, particularly its cash flow. And rightly so…

Retail Investors Get the Memo