Since 2001 US asset prices have been pushed by debt expansion to what would currently appear to be a limit. The Federal Reserve inflated residential prices by over 14 trillion dollars with between March of 2020 and March 2022 with Federal Reserve MBS’s and 2.5-3.5 % inflation rates. Blue collar and US service workers have been priced out of the American dream.

Under the umbrella of US debt expansion, Chinese property overvaluation, and a US service sector based economy encumbered with debt, gold in US dollars has progressed in a x/2.5x/2x :: 51/127/102 monthly fractal fashion since 2001, peaking on the 102nd month of the 102 month third fractal in April 2024