McDonald: Gold and Inflation Hedging

Even at $5,000+ gold, the allocation story suggests we may still be early. 📊 Precious metals are only ~1.3% of U.S. wealth today In the 1980s, that number was closer to 3% That implies more room for capital to flow into hard assets But there’s a catch: ⚠️ The recent move has been very extended 📈 Speculative activity is rising (e.g., extreme options skew in silver) 🧳 “Tourist” investors are entering the space What does that mean? A pullback or consolidation is likely That pullback could present a better entry opportunity Long term: bullish Short term: patience may be rewarded *This is not investment advice, please do your own research @davidlin_TV @Convertbond $STLR.TO $STLRF $O9D

Added 14 Apr 2026