Gold at $3,700? Here’s Why It’s Still Dirt Cheap

Let me ask you something: if gold’s up nearly 40% this year and sitting just shy of $3,700 an ounce, does that mean it's too expensive to buy? Absolutely not. In fact, I’d argue it’s still on the clearance rack. Let me explain. I’ve been in the markets for decades—since back when you could still get change back from a five-dollar bill at the grocery store. I’ve seen hype bubbles and I’ve seen crashes. But this gold rally? This one’s different. This one’s earned. The Smart Money Is Loading Up You know who’s not scared of these prices? The big boys. French banking giant Société Générale just bumped gold up to a full 10% of their multi-asset portfolio. That’s a…