Is Gold Topping Out—or About to Blow the Roof Off?

EDITOR'S NOTES

Mainstream economists want you to believe gold is nearing a peak. But dig a little deeper and you’ll see that claim is just another fairy tale pushed by the same people who told you inflation was “transitory.” In this piece, Frank Balm exposes the lies behind the so-called “inflation-adjusted high” for gold, lays bare the rot in America’s monetary foundation, and explains why gold isn’t peaking—it’s just getting started. If you’re serious about protecting your wealth, now is not the time to sell your metals—it’s time to double down.

Frank Balm Jun 11, 25

The usual suspects are at it again.

You know the type: smug economists on cable news, Ivy League policy wonks, and all the Fed cheerleaders who couldn’t predict a pothole if they tripped into one.

Now they’re telling us that gold is “approaching its peak.” That it’s “overbought.” That it’s time to ease up.

Dead wrong.

These folks are reading tea leaves with blindfolds on. And worse, they’re using rigged numbers to back up their bad calls.

The “Inflation-Adjusted High” Lie

Here’s their argument in a nutshell:

In January 1980, gold hit $850 an ounce. Adjusted for inflation, that’s $3,504 in today’s dollars. Gold’s now hovering around $3,346, so we must be near a top, right?

Wrong again.

Let’s unpack this.

First off, those inflation numbers they’re using? Cooked. Fluffed. Straight out of the bureaucratic fantasy factory. The so-called “inflation-adjusted” price of gold is based on government stats that pretend a car today only costs twice what it did in 1980. That’s right—despite the average car price jumping from $7,200 to $48,000, the Bureau of Labor Statistics wants you to believe that’s just a 100% increase.

How? “Hedonic adjustments.”

That’s economist-speak for, “It costs more, but it’s better, so we’ll pretend it’s cheaper.”

It’s like buying a steak for $100 and the waiter telling you it only cost $30 because the seasoning improved.

This is why the real inflation-adjusted price of gold isn’t $3,500. It’s more like $13,000 or higher when you strip away the government spin and look at actual purchasing power erosion over time.

Gold’s Not Peaking—It’s Just Starting to Wake Up

Let’s talk fundamentals, not fairytales. Since 1980:

America’s monetary base ballooned from $156 billion to $5.7 trillion—that’s a 3,533% increase.
U.S. national debt went from $845 billion to over $36 trillion—a 4,160% surge.
The debt-to-GDP ratio was a manageable 35%. Today? 124%. That’s banana republic territory.

And they want to tell us that gold is done running?

Give me a break.

You don’t need a PhD to see what’s coming. Just open your eyes, look at the national balance sheet, and ask yourself: Would you lend this country money without charging sky-high interest? Didn’t think so.

We’re Already in Crisis Mode—and It’s Just the Beginning

When the Fed and Wall Street crowd talk about inflation being “under control,” they’re ignoring the mountain of debt, the runaway deficits, and the ticking time bomb that is consumer exhaustion.

Households are drowning in credit card debt, savings are gone, and wage growth isn’t keeping pace. What happens when the music stops? When the next recession hits?

Money printers go brrrrr. That’s what.

Expect stimulus checks, bailouts, and helicopter cash like we’ve never seen. Heck, we’re not far off from Universal Basic Income (UBI). Once AI starts displacing white-collar jobs en masse, politicians will jump on the opportunity to throw free money at the problem—even if it destroys what’s left of the dollar in the process.

That means more debasement, more inflation, and more demand for real money—like gold and silver.

The Time to Accumulate Is Now

If you think now is the time to sell your gold… you’re falling for the trap.

This isn’t the top—it’s the takeoff. Every dip in price is a second chance to get positioned. Because gold isn’t responding to past inflation—it’s sniffing out the future storm.

And make no mistake, that storm is coming. The signs are everywhere. Rising debt, war clouds over multiple continents, supply chain decay, and central banks that couldn’t balance a checkbook if their lives depended on it.