Dollar Debasement Reshapes Real Asset Values

Dollar Debasement Reshapes Real Asset Values
The S&P 500's nominal gains since 2018 mask a troubling reality when adjusted for monetary expansion. Real returns are far lower or negative depending on the debasement metric used. While gold preserved value and silver outperformed, real estate suffered a 19.5% to 51.5% real decline depending on the measure. Wages also experienced significant real losses. Bitcoin stands alone as the only major asset to materially outpace both M2 and True M1 debasement, delivering real gains of 660% and 310% respectively since 2018. With True M1 growth now far exceeding GDP growth, fixed-supply assets appear best positioned for real appreciation as another inflationary wave potentially accelerates. Understanding these adjusted metrics reveals that traditional portfolio gains may be far less impressive than headline numbers suggest.