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Barchart
Barchart
Andrew Hecht

Is One Asset Screaming that Stocks are Cheap Going into 2026? Can the S&P 500 Reach 10,000 in 2026?

Gold is the world’s oldest means of exchange and store of value. Gold’s rally began in 1999 and reached a new record high above the 1980 $875 per ounce level in 2008. Since then, gold has reached higher highs, trading near $4,350 per ounce, five times its 1980 peak. 

In 2025, at $4,350, gold appreciated by over 64.7%, which is a significant commentary on money’s purchasing power, as gold is the ultimate means of exchange. 

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