The real story with gold isn’t yesterday’s 9% drop. That’s noise. The uncomfortable truth is much bigger: over the long arc of history, gold has effectively fallen 99.987%.

That sounds impossible until you look at it through the right lens.
If humanity had stopped mining gold around 500 AD if the supply had truly been fixed an ounce of gold today wouldn’t be worth a few thousand dollars. It would be worth over $40 million. Not because demand would be radically different, but because supply would have remained absolutely capped.
But gold isn’t fixed in supply. It’s merely scarce. Every year, more gold is mined slowly, predictably, endlessly. Over centuries, that steady expansion compounds. And when you zoom out, you see the result: gold has massively underperformed what a genuinely fixed-supply asset would have achieved.
So focusing on a 9% daily swing misses the real point. The true “crash” happened over many centuries, not in a single session. Gold didn’t suddenly lose value yesterday it has been leaking value for millennia due to continuous supply growth.
The difference between “scarce” and “fixed supply” isn’t minor. It’s not 10%, or 2x, or even 100x.
It’s 1,000x.
This single distinction explains why gold despite its long history as money hasn’t preserved purchasing power the way many believe. And it explains why assets with truly fixed supply behave so differently over long time horizons.
This isn’t an anti-gold argument. It’s a point about monetary physics:
Scarcity slows dilution. Fixed supply eliminates it.
Once you see that difference clearly, it’s impossible to unsee it.
#GOLD #XAU #USGovShutdown $XAUT ‌