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.


⚖️ Risk Rising and Repricing During The Great Race

June 5, 2026 • Addison Wiggin

The digital AI economy has made physical infrastructure important again. And our observations indicate that there is no turning back…

⚖️ Risk Rising and Repricing During The Great Race
If “The Pause” Is the Plan

June 5, 2026 • Addison Wiggin

Beneath the surface of today’s market chaos, a limited-time opportunity is shaping up in a corner of the market most investors don’t explore.

If “The Pause” Is the Plan
🚀 Crack-Up Boom, Circa 2026

June 4, 2026 • Addison Wiggin

From AI spending to the rise of stablecoins, a surprising economic theory from nearly a century ago may explain what’s happening today.

🚀 Crack-Up Boom, Circa 2026
Poster-Child Silly Stocks

June 4, 2026 • Addison Wiggin

If it were a move in just one stock, it could possibly be explained as its own story. Right now, the AI trade is levitating the entire market.

Poster-Child Silly Stocks