Gold has seen a significant rally since 1999, reaching record highs near $4,350 per ounce in 2025, appreciating over 64.7%. Central banks continue to purchase gold, validating its role as a reserve asset and currency holding. Fiat currencies have deteriorated due to inflation, rising debt levels, and geopolitical factors, leading to a decline in value. The S&P 500 has risen by 17.3% in 2025, but in gold terms, it has declined over 29%. Analysts predict gold prices could exceed $5,000 per ounce in 2026, potentially leading to a 10,000 target for the S&P 500.

Read more at Barchart: Is One Asset Screaming that Stocks are Cheap Going into 2026? Can the S&P 500 Reach 10,000 in 2026?