Cryptos are done, sharemarkets have topped, property is also done. And the world is addicted to free money, people want capital gains, they don't want to work for money. Because cashing out an asset in a bull market, is so much better than cashing a pay cheque. It isn't about supply, it is all about demand. And when nothing goes up other than gold, then funds will flow into the gold sector as every one wants to make a killing. The mistake you have made is applying logic, was bitcoin at $19500 or ripple at $3.20 logical? No, it was all about free money and gold will be the last bubble. Those who apply logic haven't made money over the last 10 years, those who have invested based on sentiment and where the herd will stampede have made the big money.