Gold Isn't Expensive. The Dollar System Is Falling. Bitcoin Is the Canary.

55 years of data on gold, the money supply and $39 trillion of debt, and where Bitcoin fits. In August 1971, Nixon closed the gold window. Gold was pegged at $35, and the market valued it far higher.

55 years of data on gold, the money supply and $39 trillion of debt, and where Bitcoin fits. In August 1971, Nixon closed the gold window. Gold was pegged at $35, and the market valued it far higher. The peg wasn't a price. It was a lid on a pot that was already boiling. So the starting point matters. So, for the purpose of this article, we rebased everything to the AVERAGE of Q4 1971 through 1972, after the peg broke. That puts gold at $55 an ounce, a price the market actually set. Here's what