2026-01-07 05:21:21

A seasoned investor recently shared an interesting perspective—if we measure the performance of the S&P 500 using gold, last year's gains would actually be a 28% decline.

The logic behind this isn't complicated. As the US dollar depreciates and gold appreciates, using this new value scale to reassess US stocks reveals that the actual returns are seriously overestimated. Looking at asset allocation from a different angle can help us see the true changes in purchasing power.

For the crypto market, this perspective is also quite insightful—in periods of inflation and asset revaluation, relying on a single currency for measurement can lead to persistent misjudgments.

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CodeSmellHunter

· 13h ago

Oh my, this is the real truth. The rise in US stocks is entirely due to dollar inflation. Change the benchmark, and it immediately collapses. GG

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BearMarketBarber

· 01-09 10:16

Wow, this is the real truth. The slight increase in US stocks is directly 28% underperforming compared to gold... No wonder it feels like the earnings are not enough to keep up with the devaluation.

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DefiSecurityGuard

· 01-08 15:27

⚠️ hold up, this reframing is basically showing us the USD honeypot narrative we've been ignoring. gold-denominated returns tell a *very* different story than fiat metrics... classic exhibit A of why single-currency benchmarking is a rugpull waiting to happen tbh

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LayerZeroJunkie

· 01-08 14:03

Oh my, this is the real truth. The rise in the US stock market is just an illusion. Measured against gold, it's directly halved. That's hilarious.

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LiquidityWitch

· 01-07 05:48

Using a gold standard, the slight increase in the US stock market evaporates instantly—that's the truth... People in the crypto circle have long understood that a single pricing tool is just a joke.

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PriceOracleFairy

· 01-07 05:44

wait so we've been measuring sp500 gains in fake money this whole time? lmao the oracle said it best - denominate everything in gold and suddenly everyone's portfolio implodes. this is literally cross-chain price deviation but make it tradfi. anyway btc doesn't care about your usd denominator go brrr

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OfflineNewbie

· 01-07 05:43

Wow, so the rise in US stocks turns into a decline just with this conversion? That's the truth. No wonder I always felt like my account numbers were deceiving me. Quickly switch to a gold perspective and check your coins, or you'll really be fooling yourself. This perspective is amazing; I feel like I wasted my time before. Wait, what if we measure BTC in gold? That would be a true asset revaluation...

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OnchainDetective

· 01-07 05:40

Here we go again? Measuring the US stock market in gold is indeed absolute, but isn't this just saying that fiat currency is dying? I've seen through it long ago.

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BearMarketHustler

· 01-07 05:35

That's why I never fully trust the impressive data from US stocks... switch to a different benchmark and it collapses immediately.

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BlockBargainHunter

· 01-07 05:31

Oh my god, this logic is brilliant... Looks like I made a profit, but actually grocery shopping has become more expensive.

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