
The Kobeissi Letter|Mar 17, 2025 13:15
The bull market in gold has been truly historic:
Gold has added ~5.0 trillion in market value over the 12 months and is now worth a record 20.1 trillion.
Over the last 6 years, gold's market cap has risen by nearly 12 trillion, or 148%.
In 2025 alone, gold prices have risen ~12% and marked multiple new all time highs.
Furthermore, the gold to CPI ratio has hit a record 9.2x.
This exceeds previous peaks of 8.4x and 8.1x posted in 1980 and 2011.
Gold is making history.
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